All Forum Posts by: Doran Summers

My client is looking to purchase between 20-30 units between now and the end of January 90day around Houston, TX.

He looking for rates under 6% and can close fast.

His credit is between 680 to 710.

Looking for 70% to 80% with best terms closest to 6%.

All the units he purchase will be rent ready or they will only need carpet and paint, they will not be rented when he acquire them. He not looking for any rehab money and each unit will be purchased at an average of 70% LTV.

He interested in the 30 year fixed loan on each of these transactions and i’d like to be under 6% interest.

I’d like to get as much information to you guys as possible upfront so that when we get the houses under contract we can move with the speed of light to get them closed.

Please let me know how we can all work together to get this done.

Just seeing what other lenders are out there besides the usual. 

Hi Melanie, congrats on 3 closings in one month. I see you making a different for your future.As far as lenders it depend on your experience and how much financing you seeking. And also having a exit strategy helps.

@Eric Croson  I'll send you a message.

 @Michael Plante What is your credit score? I don't see why it was so difficult to get it refi as a portfolio. We're all of them sfh? We're the value of each property at least $60,000?

@Michael Plante. What were that value of each property? I just refinance 7 properties in Texas which of course had more value.

@Bill F.i do but I would have to email them to you if that's ok. Don't want to break any rules on here.