Conv Financing Twists & Turns - Posted by g

Posted by Ronald * Starr on July 05, 2001 at 21:28:10:


Call around and find some lenders who are “portfolio lenders.” They keep the loans rather than reselling them, as do most lenders. For instance, WORDLD Savings (headquarted in San Antonio TX or Austin) is a protfollio lender. They lend in a lot of the country, I believe. Certainly do a lot of loans in CA.

Good InvestingRon Starr***

Conv Financing Twists & Turns - Posted by g

Posted by g on July 05, 2001 at 24:44:28:

Need some advice on how to proceed. We bought our 2nd property (for rental income and to keep long term - no flipping planned)and transfered title to our corp. Problem is the loan stays on our credit report.
When we did a refi on our 1st house the lender needed explanation on the 2nd house loan they saw on the credit report.
Now we are going to be purchasing our 3rd house. How much hassle can we expect from lenders about buying the 3rd, 4th, 5th house, etc?
Is there any technique you all would recommend to keep the loans flowing in?
I thought about mixing in some carrybacks, but even they need to be refi-ed at some point down the road.
The realtor who is on my team tells me she works with a lender who can finanace just about anything I want for my corp at 25% down. But that will limit the number of places I can purchase each year…
Please advise…