Hello all,
Some of you had asked me for the questionnaire I had prepared for calling portfolio lenders. I had to go through a lot of my old files to find this one. I haven't had to use it for a very long time...
Good morning team. I am about to dive in with a buy and hold strategy in mind. I need to know whether I should max our my own credit or use a portfolio lender to obtain multiple properties. Does it matter if I use ...
Hello BP community! I’m in negotiations for my first deal. I’m purchasing eight properties. I have my LLC, and plan to open a business account ASAP. We are using a simple contract between our entities. The current co...
I'm talking to a lender about taking my only 5 rental properties and doing a portolio/blanket loan. The loan amount is $400,000. He quoted over $14000 in closing costs! Is this normal?? It would be a 30 yr fixed a...
Hello BP!
I am interested in purchasing a small portfolio of properties: 3 SFRs and 2 Duplexes. I am curious about how most people would pursue financing something like this. Financing is probably my biggest need for...
Would lenders recognize if I exaggerate my portfolio?
Does anyone here buy portfolios in the Philly or South Jersey market? If so what do you do to analyze the deal, what areas you focus in, and what do you do if the portfolio is spread across 2 states? Numbers seem good...
So I have an off market portfolio that seems like a good deal. Seller is willing to seller finance and that’s a huge help because since I don’t have a W-2 job, lending is an obstacle for me. Does anyone have experienc...
How do small portfolio investors work?
As I gain a better understanding of this business, I relate it to mine (auto finance). In my industry, we utilize a reinsurance company for add on items (like warranties). Is this common with this industry?
EXAMPLE...