What sort of qualifications does a local bank typically look for when generating a portfolio loan?

Here is a hypothetical scenario for the borrower:
Assuming the loan is against a 2-3 family rental bought with cash.
...

Hi guys!

My name is Robert Jenkins I’ve actually been a “member” for 10years but I don’t believe I’ve actually ever written anything. I got licensed when I was 19 in 2007 in Los Angeles I worked residential and I wo...

Hello everyone, I just got a call from tenant and they said the water level in the toilet (where the valve is) has dropped and is not filling up properly. Thanks

I'm about to purchase a multi-family property about 3 blocks down from one I already own. The price I'm paying for it will no doubt create a decent comp amount relative to what I now owe on the first multi family wh...

My group has 2 four-plex long term rentals in Tucson AZ and wanting to diversify. We are all California natives looking for good returns. Where out of state should we be looking/ consider? Any advice or suggestions wo...

Hello BP,wanted to have your insight when you guys run your numbers and also how you adapt as interest rates are on the rise.I tend to follow @Brandon Turner numbers (100$/month/door & 12%CoC for apartments). And ...

hey all, first time poster. I have been a homeowner for years now, however recent events has forced my family to mive to a duplex. Nice place, and were fortunate to find it in short notice.

Lease agreement st...

I've read some real estate books that talk about how you don't want to own the nicest house in a neighborhood. Obviously the comps in the area are going to bring its value down, right?

Does this mean you should avoi...

I've been trying to save money, and even am getting a roommate.

Now I've got a 2nd floor shower leak, leaking downstairs onto tile kitchen.

It's a stall shower with plastic shower floor. Shower & pipes ~10 year...

Hello all,here comes a real challenge and I hope you can help.I live in work in Europe with plan to invest in US.After good research I know where and what to buy. The last problem I want solve is to find a way to fina...