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Updated over 6 years ago on . Most recent reply

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Rob Terpilowski
  • Investor
  • Seattle, WA
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Looking for portfolio lenders in Oklahoma City

Rob Terpilowski
  • Investor
  • Seattle, WA
Posted

I'm looking to BRRRR single family and small multifamily properties in the Oklahoma City area I'm looking for portfolio lenders that will work with out of state investors. A couple of key constraints in my situation.

- I have no W2 income
- I have only a short history of 1099 self employment income (4 months)
- I have no other significant sources of income

So loans would likely need to be based strictly on the income of the asset.  

Any suggestions of who I could contact in the OKC area would be greatly appreciated.

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Rob Terpilowski ok, so if you have rental management experience, and plan on keep this properties as rentals, then you there are portfolio loans that just require the property to cash flow $1.  That $1 is all that is needed for income.  So if your credit is reasonable and you have reasonable assets then you should be able to find a loan that you can be approved with.  Feel free to PM me and I'll send you the bank that carries that specific loan.  Thanks!

  • Andrew Postell
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