The Best Kept Secret to Financing Investment Property | 983
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 9 April 2020
⏱️ 3 minutes
🧾️ Download transcript
Summary
Have you maxed out your leverage and you don't have more space for conventional financing? If this sounds like you, Mercedes, the Turnkey Girl has a solution for you! Tune in and find out the best kept secret to financing investment property!
Transcript
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| 0:00.0 | This is terio media. |
| 0:04.0 | Do you know what a portfolio loan is? |
| 0:07.0 | It's the best kept secret that nobody tells you about. |
| 0:11.0 | Even if you're a new real estate investor, you absolutely need to |
| 0:16.0 | know all the details about a portfolio on. My name is Mercedes Torres, I'm the turnkey girl, |
| 0:21.6 | and I help busy professionals acquire passive income |
| 0:24.7 | through real estate investing so they can retire even faster. It's not uncommon |
| 0:29.9 | for me to speak to people and hear that they've maxed out their leverage. In other words, |
| 0:35.4 | they've maxed out their conventional financing and have no more available spots |
| 0:40.8 | in their Magic 10 Freddie and Fannie Mac loans. The reality is, there's a secret. |
| 0:48.1 | The secret is, once you've maxed out your loans, cool out and find a portfolio loans. There's a plethora out them. And the |
| 0:57.0 | clue is, once you found that loan, you establish a corporation. It could be an LLC, could be an S-Corps. This entity |
| 1:07.6 | will now become the new holding ground of your property. So let's say you own nine rental properties, not |
| 1:14.2 | including your primary residence. Take these nine rental properties. Do a |
| 1:19.2 | cash out refinance out of your personal name into this new entity, the portfolio law. |
| 1:26.8 | Once it's in the new entity, you all of a sudden don't own any properties personally. |
| 1:32.8 | So what does that mean? |
| 1:34.2 | That means that you are literally able |
| 1:37.4 | to get another 10 Freddie and Fannie loans available |
| 1:42.0 | with conventional financing. low interest rates, 20% down, and |
| 1:47.3 | amazing 30 year terms that will allow you to maximize your leverage. |
| 1:52.4 | I talk about portfolio loans on the podcast all the time. |
... |
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