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Updated about 8 years ago on . Most recent reply

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25
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2
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Thomas Nance
  • Mount Holly, NC
2
Votes |
25
Posts

Conventional Mortgage option in NC

Thomas Nance
  • Mount Holly, NC
Posted

I have been doing the Brrr strategy for over a year and have about 12 units. All are under my LLC's name and are currently a interest only loan. It helps with Cash Flow, but I want to start gaining some principle.

The obvious decision is to get a conventional mortgage, reduce my, rate, and gain principle. I'm having one problem.. No banks will do this.

I've went to several local banks and spoke with them about the loans availability to no avail. 

Is there anyone in the biggerpockets community that know of a bank that is giving loans for rentals?

Thanks

  • Thomas Nance
  • Loading replies...