Portfolio Loans & Lenders
Happy Tuesday Fellow Investors,
I am a brand new real estate investor, and have been learning about the different types of financing to help me in acquiring my first rental property. One of the types of financing that sparked my interest is Portfolio Lending. Although my already accumulated student debt is in deferment (I am currently in school now), I figure that this may be my best route to get started as opposed to going with a conventional loan through a bank . Currently, I am looking to acquire a 12 unit apartment building in a local city in my area. I have run a deal analysis and the math makes a lot of sense. Has anyone else used this type of financing to close on this type of deal? Or are there other types of creative financing, such as a private or hard money lender, that may work better? Thank you in advance for any tips or feedback that may be provided!
Respectfully,
Leonard Sanford Jr.