January 26th, 2011 3:05 PM by Eric Fang
We managed to have a few loans approved by the lenders. But the borrowers' 15 yr fixed programmade it harder. Since you will have more monthlypayment on 15 yr fixed, it will make you harderto qualify for the loans, especially when you plan to have 4-5 or more financed properties.
That's why we need to plan ahead of time when you decide to invest on REO purchases.