I went in just before Christmas and talked to my banker about refinancing a piece of land so  can buy more properties.She told me that as long as I can show that my rental homes are making money and I have leases on them that is what they call "Seasoned Properties".

If he is looking to refi the property away from a VA loan and at the same time get a new VA loan for a new property, then it would be in his benefit to work with a single mortgage banker to do both the loan, as that banker can explain it to the underwriter.Good luck to your friend.Upen Patel

I personally prefer the inhouse loans to the secondary loans just because my banker is so much more flexible and I can act much quicker on a purchase.

best practice is to go to mortgage banker or broker, and say what it is you want to buy exactly, and if you intend to owner occupy.  

would also like to make contact with an investor friendly local banker/ private money person. 

I PLAN TO.....Not to be disrespectful, but it would be very prudent for you to sit down with a CPA, an attorney, perhaps your banker, and formulate a list of questions that apply to your projects.

25 yrs in the real estate business on the financing side

Hi everyone,My name is Will.I am a former investment banker who went on to invest in many deals at a private equity firm and then a hedge fund.

When a banker starts talking about building a "relationship" with you, cover your wallet with one hand, close all of your accounts with them and find someone else to do business with.

When you are confident enough in your knowledge of real estate investing, start talking to some of the bankers there.