All Forum Posts by: Zach Miller

Good afternoon,

I’m currently looking at multiple rental properties with a lot of them having tenants in place. The issue I’m having is the properties range from mid $20 to mid $40,000 range and most investment type loans have a minimum of $50 to $75,000. I’ve looked at portfolio loans but they also have a per property minimum. Any ideas would be greatly appreciated.

I mentioned a port folio type loan to one and I don’t think he got what I was talking about. Said it was for multi property. Do you have any contacts for Indianapolis area?

I recently used Huntington for a line of credit. They originally said they would do that for me for 2 properties and then changed to 1 property and second would have to be a vacation property. I tried Key Bank and they originally said they could and then later said no, issues with the debt to income ratio. 

Good evening. I recently posted about looking for financing through banks. Does anyone on here use a private money lender for long term loans, or know of a private money lender that would lend long term for buy and hold properties? I have 5 properties in Indianapolis that are either rented out or close to completion and will be rented out. The issue I have with conventional banks is that they look at the credit report and come back with debt to income issues and won’t take into account that there are leases in place for the mortgages. Any input would be greatly appreciated.