The Investor Insights » portfolio loan

Portfolio Loan Insights

lassiter — Thu, 13 May 2010 18:03:05 +0000

Hi Susan, Thank you very much for the great information on portfolio loans. I can learn a lot from you. I meet lots of investors but none of them talk about portfolio loans. If you don’t mind, I have some questions. Do I need good FICO score to qualify for this loan? Do I need to have reserve funds? Do I need to have 10, 20, 30 percent down? Do they need collateral? How long should LLC or Corporation need to be seasoned? Thanks, Alvin

Hi Alvin, Thanks for the note. No one talks much about portfolio loans because no one really understands them. Except me. Portfolio lenders will look at the underlying collateral which is the residential or commercial property you want to finance to answer most of

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%

Portfolio Loans Explained

lassiter — Fri, 16 Jan 2009 00:38:58 +0000

When Freddie Mac and Fannie Mae announced their new lending rules last August, I started telling everyone who would listen that they need to start using portfolio loans to finance their investments. That generated hundreds of questions from investors who want to know more about portfolio loans and some seem

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

More Bad News

lassiter — Wed, 17 Sep 2008 23:43:14 +0000

OK, we’ve been trying our best to stay positive in this financial tsunami that we find ourselves in but I think it’s time for Plan B. Max Number of Financed Properties Effective December 1st, Fannie Mae’s maximum number of financed properties allowed when the loan is secured by