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Updated about 5 years ago,

User Stats

431
Posts
139
Votes
Cory Lucas
Pro Member
  • Rental Property Investor
  • Brighton, IL
139
Votes |
431
Posts

Hey BP, can you help refine my questions for banks?

Cory Lucas
Pro Member
  • Rental Property Investor
  • Brighton, IL
Posted

Hey all, I am looking to touch base and get my name out there to more local banks and other financial institutions here In the coming days. The banker that I had been in heavy contact with recently informed me we would only be able to do a 5-year loan instead of the 10 to 15 year range we had originally talked about. So I'm just curious of good things to ask bankers that you all have come across in your years of experience that have helped you out? I am looking at buying and holding to rent and using the BRRRR Strategy. Certain terms? Certain loan packages? Also if you happen to have good recommendations for institutions that I could seek out? We do have an LLC formed to put the properties under and we have around $10-$15,000 that could be utilized for a down payment.

Thanks for taking the time to read and thanks in advance for any and all information, greatly appreciate it

  • Cory Lucas
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