Has anyone ever worked with these banks?

In the first 5 years you will collect lots of interest, and make more money than the actual purchase price because you, the seller, are now acting as the bank.

Most banks will require leases to be in place first as opposed to month to month tenants.

With a $35k yearly salary, Banks will let a borrower do a loan around $100k-$115k.

😊CA is a pretty easy state to get wage garnishments, all the while interest in accruing on the judgement, and also you can get bank levies.

BLOC you will get from the big banks like Amex and Chase ..upto 500 k

They have one beverage too many, get an idea in their head that they can fix their problems by purchasing a short-term rental, and all they have to do is click a button to ask their question.I wouldn't bother sending financials to anyone until they show a pre-qual letter from a bank to demonstrate they are slightly serious.

., loan requirements) which directly affects the amount of capital received from the bank?

Hey @Dan Fritschen, To keep things above board and clean, id recommend forming a legal partnership or forming an LLC with ownership over said LLC clearly spelled out and open a bank account for it.

For instance, if you are buying a commercial building, it may be more beneficial to work with a community bank.