Ken M.
Pro Tip on Subject To - Subto
17 January 2025 | 4 replies
When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?
Katie Flynn
HELOC on Investment Property (NY)
21 January 2025 | 3 replies
Most banks won't want to come in with a line of credit that is second lien on the property.
Mark Sullivan
Add to the Portfolio or Swap
20 January 2025 | 12 replies
The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.
Liz Valtos
Neophyit seeks help
21 January 2025 | 4 replies
When you say OPM, are you referring to using the bank's money?
Will Cruz
HELOC for investment property
14 January 2025 | 2 replies
Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Karen Smith
The Rise of Private Lending: What's Your Experience?
13 January 2025 | 12 replies
However those with no to very limited experience will never get a fix and flip loan from a bank. 4.
Mary Parsek
Financing to buy commercial real estate notes
13 January 2025 | 3 replies
I have a bank locally that will use DOT as collateral for loans.
Jeremy Frantz
Turning New Construction Sf Home (With Partner Through Llc) Into Personal PO Rtfolio
21 January 2025 | 0 replies
My question is: How do I properly take the interest that my LLC has put into the new LLC and give it to my person for the purposes of getting a loan from the bank through a refinance.