All Forum Posts by: Joe Shemesh

Brian, thank you for the tip! are there any non-local investment property lenders that you can recommend for my situation?

Hi All,

I've Owned 5 single families in St. Louis, MO - all paid in cash - since 2016

Recently, I had decided to take a loan / mortgage for these properties

All of the banks I had reached out to had either said that the loan is too small to deal with (if I split it to 5 individual loans) or gave me a very high rate (approximately 6%)

- Why is it so hard?

- What is the acceptable rate I should look?

Thanks you.