All Forum Posts by: John West

I get why 30 year loans are best, and I'm not posting to debate that. I'm trying to achieve it. I've called 10 different banks mostly small or local credit unions. I can't find anyone who gives 30 year loans. I'm purchasing my second property now and debt to income will be a problem with my next property. (I just purchased my first property 4 months ago and no one wants to count income from that until it's been a year). As soon as I say "LLC" or "investment property", everyone tells me the max term is 20 years. Does anyone have advice on finding banks that will entertain a 30 year mortgage for investors? Is anyone else having the same problem?

As a new investor, the Lewiston/Auburn area scares me. I was attracted to it at first because the apartment buildings are dirt cheap, but I'm afraid there is way too much inventory. Just looking at google street view, you can see it's nothing but apartment buildings down many streets.