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Private Lending & Conventional Mortgage Advice

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Brent Kelley
  • Investor
  • Rancho Santa Margarita, CA
5
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24
Posts

Finding a portfolio lender

Brent Kelley
  • Investor
  • Rancho Santa Margarita, CA
Posted Jul 22 2014, 10:02

I recently closed on my 10th property and, according to Fannie Mae, I'm cut off! I have been looking into other options such as blanket loans and portfolio lenders, so that I can continue investing. From what I understand, a portfolio lender is the way to go. However, I'm having trouble finding one in my area... that will do loans out of state. I live in California but my rentals are all in other states (since California is ridiculously over-priced). Any tips on what to do or how to find a lender that will accommodate me? Am I searching for something that doesn't exist?? Thanks.

-Brent

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