Thank you for this forum. I have been reading everything that I have time for. Very good stuff here.
I am new at investing in properties. Would like to buy and hold rental properties. I have a lot of experience in general real estate. I know a lot of realtors personally. Have great credit, and decent equity in my personal home now.
Need some help finding a bank for financing deals. I have talked to a couple; one of which I have done a decent amount of business with. I am finding out that right now is not a great time to obtain financing; either on the secondary market or in house. Origination fees are very high as they don't want to take on investment loans. Also, was told that higher interest loans are not selling on the secondary market because of the risk associated with them. Also, you can only hold 4 loans on the secondary market currently.
My question is: has anyone else run into the same?
I know that I cannot quit, and I will find a bank that will do the loans that Dean talks about in his books.