All Forum Posts by: Pedro Padierna

@Andrew Postell Thank you for your reply. Here are the answers to your questions:

• Is there a specific reason why you want a portfolio style loan?
• -No reason, my objective is to put as little down possible and use cashflow and the four properties as collateral. 
• Would any other loan work if it accomplished the same thing?
• -Maybe, I'm not familiar with all the available loans.
• What's the % of equity you have in your other homes in San Antonio?
• -100% I don't have any loans against them, I bought them in cash

Hi,

I have four properties in the San Antonio area, and I would like to buy a 5th using my portfolio as collateral. Any recommendations for portfolio lenders in the area?

Thank you...

@Derrick E. Thank you for the honesty and common sense in your comments. You are right you have to make a financial decision putting aside all emotion and pride. I offered a move-in special, 50% off the first full month and we got our first application. So at the end of the day, it was the price

@Fred Cannon Thank you for your comment. I'm negotiating with the neighbor to either move it or at least cover it. If this works, I can save the cost of the fence. Also, I think it's a good idea the lawn service I believe is a win-win for both tenant and landlord

@Myriam Mourani Thank you for your comment. What helped, I offered a move-in special, 50% off the first full month and we got our first application.

@Mario Broughton thank you for your comment. Yes, I got a quote, but I’m negotiating with the neighbor to move it or cover it before spending more

@Jarrod Murrell Thank you for your comments. I have a PM who is doing the showings, so far I think they have done an excellent job. What helped, I offered a move-in special, 50% off the first full month and we got our first application.

@Kyle Wells thank you for your additional comment. I offered a move-in special, 50% off the first full month and we got our first application. So, yes the price is King

@Juan Mendoza thank you for your comment. You are right, I forgot to buy put a microwave, and this is probably one of the reasons we didn't get many applications

@Jessica G. Thank you for the candid and pragmatic comment. I have a move-in special right now (50% off the first full month with a 13mo lease) if this doesn't work I will lower the rent.