Tom MurphyPoster
Pro Member
- Rental Property Investor
- Salisbury, NC (Charlotte area)
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Investor to take my 1st position on rental portfolio in WVA
Looking for advice on how to get in front of private money lenders who would be willing to take my 1st position in a portfolio of six SFHs and one duplex in Charleston, WVA. My acquisition loan is at a high interest rate and the owners (and I) are wanting to refinance to a lower rate. All properties are stabilized with long term renters, most all of which have leases through January 2021. Monthly gross rent is $4660.00 with net $3347.00 (reflects deducting taxes, insurance, utilities and management).
Is there an outlet where private lenders typically look for portfolio investments? Thank you.