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Connor
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Know it's been a few months, so I thought I would share an update. We are still at 6 units, but we are hopefully about to pick up 2 more here by 8/1. We're going to have to do a bridge loan for 30 days or so, as the banks will only loan up to 75% of the value or purchase price, whichever is less, when doing a portfolio loan. Since we're going to be purchasing these two well below market, we'll have to wait a bit before including them on the portfolio loan with the 3 other units that we have yet to refi as well.
Thought we were going to close on our first 3/2 recently, but the guy ghosted us. We were going to assume his loan, but his ex-wife was listed on the mortgage, and we suspect he couldn't get her to sign off on it.
Thought we were going to close on our first 3/2 recently, but the guy ghosted us. We were going to assume his loan, but his ex-wife was listed on the mortgage, and we suspect he couldn't get her to sign off on it.
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