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Updated about 3 years ago on . Most recent reply

User Stats

84
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41
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Justin Kurpius
  • Rental Property Investor
41
Votes |
84
Posts

Sharing my recent financing mistakes

Justin Kurpius
  • Rental Property Investor
Posted
Don't make the mistakes i made on a recent deal:

1/ If using HELOC, familiarize yourself with how many business days it takes to move money around. Mine took 10 business days to move money from HELOC to Checking.

2/ Familiarize yourself with the daily wire limits if you need to wire money out of your bank account to another/escrow. Mine (Chase Bank) was only 25K. I need to move to a different account to expand the daily limit.

Hope this helps.

-Justin


  • Justin Kurpius
  • Loading replies...