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Updated about 6 years ago on . Most recent reply

User Stats

54
Posts
65
Votes
Grayson Gist
  • Rental Property Investor
  • Kansas City, MO
65
Votes |
54
Posts

Portfolio lending issue

Grayson Gist
  • Rental Property Investor
  • Kansas City, MO
Posted

Hey,

I have a Fourplex I'm house hacking and flipping with my wife. We have another SFR so our DTI is quite high. We went from bank to bank with our pitch for our second off market Fourplex to house hack and flip.

I finally found a lender who’s willing to do a portfolio loan but she has missed the closing date three times now. I’m having trouble getting this deal closed because she always comes back asking for more and more paperwork. Any suggestions to help smooth the process along?

Thanks!

Most Popular Reply

User Stats

1,166
Posts
371
Votes
Tarik Turner
  • Lender
  • Hackensack, NJ
371
Votes |
1,166
Posts
Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

Are you currently occupying the 4 plex?  

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