The Investor Insights » portfolio lender

Are Portfolio Loans Too Good to Be True?

lassiter — Thu, 09 Jul 2009 16:13:55 +0000

Here’s a question that I got last night from a reader:

I’m dazed and confused, straighten me out here! In your e-mails to me you keep reiterating that portfolio lenders exist out there that will allow the following: –unlimited properties in my LLC’s. –Blanket Mortgages. –unlimited # of investor loans. –immediate & unseasoned cash-out. My broker tells me it’s just not so, that vesting title in LLC’s and Blanket Mortgages are a thing of the past. Now I have friends achieving some or all of these in states outside of Colorado. My own reading of the rule is, you are still allowed 10 residential properties in your name. But after 4 you must put 25% down and have additional cash reserves. You can circumvent the LLC issue by utilizing a Trust Sandwich. WHATS THE REAL SCOOP! While I think your Portfolio Loan Blueprint is a must have for survival, I can’t afford to make purchases in which the techniques are out dated—I mean the rules keep changing. Either there are Portfolio Lenders out there or not. Maybe I should can my broker and hire you—are you still originating loans?

<> Here’s the real scoop… YES. Portfolio loans are out there. This guy even says that he knows people that are getting them. The problem is he’s relying on his broker. OF COURSE

Portfolio Lender For You

lassiter — Thu, 26 Feb 2009 01:58:43 +0000

I just found out about a great portfolio loan program for us real estate investors. This loan program bridges the financing between Hard Money and Conventional Financing and eliminates the 4-10 property limit. For buy and hold investors – No Limit to number of properties: 30 Year Fixed Rate Loan – 85%

Bulk REO Purchase Financing

lassiter — Sat, 10 Jan 2009 02:13:05 +0000

I just got an email from a lender that I’ve worked with for a while about a new program they are offering. I think many of you will be interested since I get a *ton* of calls about this type of financing. Introducing the Distressed Residential Lending Program This

Why Are THEY So Angry?

lassiter — Tue, 14 Oct 2008 21:55:50 +0000

I’m Making THEM Angry

As you know by now, Freddie Mac and Fannie Mae announced that they are virtually denying all loans to real estate investors. They have come up with a whole bunch of new ridiculous rules including:

Eliminating stated income loans to self-employed borrowers