All Forum Posts by: Jordan Lagrassa
Jordan Lagrassa has started 18 posts and replied 67 times.
Post: 30+ properties ?
- Temple, TX
- Posts 68
- Votes 7
Originally posted by @Roger S.:
Originally posted by @Jordan Lagrassa:
Looked into it today and i can get a commercial 15yr loan at 5.25% rate adj every 5 years
Check what the cap is on the adjustable rate. My bank initially started at 3% but agreed to 2% without any argument. The 2% cap means payment will most likely not go up even if the rate increases the max each 5 years. That was important to me.
I didn't look into that but that is a great idea. Thank you
Post: 30+ properties ?
- Temple, TX
- Posts 68
- Votes 7
banks most of the time won't lend to an llc . And if you try and move it into one then they could foreclose on the house if you still had a lien on the house with a bank
Post: 30+ properties ?
- Temple, TX
- Posts 68
- Votes 7
Looked into it today and i can get a commercial 15yr loan at 5.25% rate adj every 5 years
Post: 30+ properties ?
- Temple, TX
- Posts 68
- Votes 7
Makes sense guys thank you . Are private lenders doing 20+ year loans for there investors?
Post: 30+ properties ?
- Temple, TX
- Posts 68
- Votes 7
I have listened to many podcasts where people have more properties than the 10 loans I know is the max amount allowed . How are they doing this? Their debt to income ratio for that many conventional loans seems to be impossible to achieve . Any clarification on this would be appreciated. Thanks
@trevor
@Trevor Ewen I actually got in contact with the owner and he told me what he used. I will definetly hire help if needed. Would something like upwork be able to help ?
I ment to put it here
Converio
I found the one I was looking for thank you
Post: Introduction to Bigger Pockets from Temple, TX
- Temple, TX
- Posts 68
- Votes 7
welcome. I live in temple also. Feel free to contact me any time
At this point i am not sure if ill be hiring help or not. from the looks of it i think it will be fairly easy to setup once i figure out what theme i want to use that will be compatible for me.