Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

22
Posts
9
Votes
John Daniels
9
Votes |
22
Posts

Working with Community Banks(for LLC)

John Daniels
Posted

I have never used a community bank, so I was wondering what they mean by community for someone getting a loan, ie do I have to live in geographic area of the bank is or where the property is being financed? I currently live in CA and will be buying out of state( TBD). Do I seek a loan at a community bank where I live or where the house is or does it matter at all?

Is there a list of community banks that people use for either a mortgage within an LLC or maybe transfer a property into an LLC from traditional mortgage?

Regards