Through research we started learning that a portfolio loan with a cash out refinance would be ideal for a number of reasons:1- Interest are historically low 2- 4 homes had a 15-year mortgage (great for a good interest rate but were killing cashflow)3- Cash out- ability to pull out $264,000 to reinvest in more properties4- 4.7% interest rate on a 4.7M loan5- Non-recourse* In my opinion, 1-4 are a nice to have but number 5 was necessary for us to continue to scale.

If you are willing to do cosmetic updates the ability to get 1% rule is definitely doable now.

Fast forward a week later and I get a bill of 420$ from the city.

Its focus is the financial side of pm which is excellent, however, it does not possess features for maintenance logs other than my ability to upload my own completed spreadsheet for storage purposes.

He is a scam artist.  

You can setup home automation with wifi.On the Schlage lock, we love remote ability to program guest codes.

There are many benefits to using a broker vs going direct, but just from a rate and term perspective, still maintaining your banking relationship allows you to tangibly see whether the broker can save you money and get you better terms.For example, unless you’re talking about a complex ground-up construction deal, with many moving parts, that will take significant time and manpower to execute, a good broker, confident in their abilities, will usually work with their clients and allow them to work with their existing relationships while the broker pursues and reaches out to their own lenders.

It is the perfect combo as he has the ability to get a mortgage but no time and I don't have the credit but I have the time to learn, study and take care of business.

In my opinion, he was sold a bill of goods.  

A private lender who doesn't have the ability to sell the loan to FNMA however takes on some level of interest rate risk when lending at longer terms, i.e. 30 years.