Originally posted by @David Lao :
Originally posted by @Peter T.:
I know of a guy with 25+ loans who just bought a dozen properties this year. He bought them all with one commercial lender on 5 year ARMs with a 25 year amortization. That's better than a portfolio loan IMO with awful rates.
Peter - that's better than my 5-year ARM with a 20 year amortization. Who is the lender?
Lakeland Bank in NJ. Google them.
@michael what bank/lender are you working with? Im in Ohio.
Jason J. I hit the was with 11 sfh and good thing because sfh just is not scaleable.
If you get to that level you need to move into syndications or do bigger commercial deals and get away from the fierce competition.