Posted by Ed Garcia on March 14, 2002 at 10:26:12:
Paul,
It’s been a while since I’ve looked to see who will welcome multiple deals. Many lenders have a limit of how many loans they will make to one customer.
North American use to be lender friendly to this scenario but is now out of it.
Last I checked Washington Mutual is open to it. My suggestion is for you to get a good local Mortgage Broker to work with. They can use various lenders and spread the deals around.
Ed Garcia
Ed please help? - Posted by paul
Posted by paul on March 13, 2002 at 20:06:21:
What’s the best entity to use to buy and hold?My cousin who looks great on paper wants to start buying and renting out section 8.I’m flipping a lot of deals in the area to section 8 landlords and my cousin wants to now become one.What will it take besides a lot of hard work to accumalate 20 this year?Should we use the same bank everytime?I know we can do it bc I’ve flipped about that many this year!!!PLEASE HELP!!!