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16 January 2025 | 12 replies
Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.
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14 January 2025 | 6 replies
If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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22 January 2025 | 13 replies
Banks need for them to build recognized credit before doing an FHA type loan.
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8 January 2025 | 9 replies
It took me 13 months to open a bank account in Belize.
9 January 2025 | 7 replies
P&L, Bank Statement, DSCR etcVery common for investors to make the switch when they need to or when the cons are no longer greater than the pros compared to conventional loans.
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20 January 2025 | 23 replies
I would suggest either talking with a local bank/credit union about refinancing your existing portfolio and/or one that shows they do MHP loans on their website.
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28 December 2024 | 6 replies
Has anyone tried this paid program - Just Be The Bank: How WE Generate Passive Income & Wealth in Real Estate.
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9 January 2025 | 5 replies
If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.
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24 January 2025 | 36 replies
If what you explained is really what I should expect, then so be it.