8 min read
Navigating Rental Portfolio Loans for Real Estate Investment Growth
Looking to acquire more rental properties? A rental portfolio loan allows you to cross-collateralize your assets, which may work for you.
Understanding hard money loans doesn’t have to be hard!
The expert team from Kiavi will discuss the basics of hard money loans and the benefits of using them before diving into the ins and outs of financing your rental property to maximize your monthly cash flow.
Discover the insights you need to navigate the complexities of real estate investing with Kiavi’s Hunter Latta. In this informative webinar, Hunter discusses various investment strategies, including long-term rentals, short-term rentals, the ‘BURR’ method, and fix-and-flip opportunities. Gain valuable knowledge about different financing options, such as single-asset loans and portfolio loans, and learn how to optimize your investments. Whether you’re a seasoned investor or new to real estate, this conversation provides essential guidance for your investment journey.
Hunter Latta delves into the specifics of qualifying for portfolio loans, highlighting the need for a minimum of five properties, a total loan amount of at least $500,000, and individual property values of $50,000 or more. He clarifies that existing single asset loans cannot be rolled into a portfolio loan, though older loans can be refinanced into one for debt consolidation. He also emphasizes that all properties in a portfolio loan must be under one LLC.
Hunter discusses refinancing options for traditional financing and how it can facilitate further property acquisitions. He examines the trade-offs of higher interest rates versus the potential for acquiring more properties at competitive market rates.
The conversation shifts to the BRRR (Buy, Renovate, Refinance, Repeat) method, with Hunter explaining its flexibility for both significant renovations and minor cosmetic improvements. He stresses the importance of buying from distressed sellers for below-market prices and solving real estate problems through quick closings.
Hunter shares crucial questions to ask lenders, including inquiries about Debt Service Coverage Ratio (DSCR) requirements, adjustable-rate mortgages, rate lock processes, and escrow requirements. He also dives into qualifications for loans, highlighting the need to consider factors like FICO scores, appraisal requirements, and the lender’s underwriting process.
The webinar addresses common pitfalls in real estate financing, such as underestimating changes in interest rates, choosing the right amortization schedule, and understanding prepayment penalties. Hunter also discusses the importance of a thorough valuation process and property condition requirements.
Hunter concludes by introducing Kiavi’s history, services, and rapid loan processing capabilities. He details Kiavi’s expansive reach across 32 states and Washington DC, their technological platform for efficient loan management, and the personal assistance provided by dedicated account managers.
The webinar ends with a live Q&A session, where Hunter responds to various questions about Kiavi’s loan products, the impact of the current economic environment on lending terms, and the process for obtaining loans for different real estate ventures.
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