All Forum Posts by: Benjamin Lemieux

Wait until marriage man. I did this when I was engaged about 5 years ago. We broke it off prior to the wedding and I chose not to pursue getting the $ back. 

Hey Biggerpockets, 

My partner and I are investing in some properties in St Louis. Does anyone have recommendations for a portfolio lender out that way? Just looking to compare rates to conventional loans. This will be more than one deal. Looking to build a relationship. 

Thank you.

Yes that's what I've seen so far as well (with very little research so far). I will definitely let you know if I find something. Let me know if you do! Good luck:)

Good evening,

I'm a CT landlord looking to to acquire my 2nd property soon. How much do portfolio lenders typically require for a down payment? I am hoping to put down 10-15% but not sure if thats out of the question. 

Thanks.

-Ben

 I think am going to decide to "owner occupy" the property uhm part time so I can put down the lesser percentage. One unit should cover my expenses until I can rent unit #2. Thank you all for the input. 

@Manny Cirino My credit is pretty good. 750+. Thank you for letting me know, I am going to look into that loan ASAP. I'm pretty careful about the deals I buy. I was able to put down an FHA loan (when I owner occupied my first 3 family initially) and still managed to cashflow pretty well.

@Michael Noto Hey Michael, I would not be owner occupying this property. It would simply be an investment property. Thanks for taking the time to respond. 

-Ben Lemieux

Good evening BiggerPockets,

I am a newer Connecticut investor with one 3 family property. I am looking to buy my 2nd home in the next 6 months or so and was curious to different types of lending that I may not know about. Is there anything other than

FHA, 20% conventional loans, portfolio lenders, or seller financing? I am considering looking a hard money lender possibly as well. I've heard there are conventional loans that require less of a percentage but I don't know anything about them. I am doing more research but figured I might come across some answers here as well. It's not I can't but how can I right?!

Thank you for any and all help!

-Ben Lemieux