I personally would avoid big banks like Chase, Wells, etc, or credit unions - they tend to have horrific underwriting process and could cost you your deal in a competitive situation.

But long term investors seem to have laughed all the way to the bank there. 

Use your heloc as a bank and put all the Money in the heloc, ask for credit card at 0% APR for 15 18 month I have list of them put all the money ont he heloc. 

Armando - A few questions I would ask are:- I've seen banks typically use 5% for vacancy factor- Are you self-managing?

And back when we bought REOs from banks after the 2008 crash, they wouldn’t even consider one.Of course, with such properties, I would still recommend doing an inspection, especially for new investors.

Also responsible for other expenses such as lawn maintenance, repairs, replacement of appliances etc on behalf of rental LLCs (A, B,C). 4) Y will charge monthly operating fee of 10% from each LLCs (A, B and C).5) LLCs (A, B, C) will NOT have separate bank accounts.

There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 

People that could stand to risk that kind of money don't just have cash sitting in a bank account waiting for somebody to come along and offer to spend it for them.Your best bet at attracting equity partners is with a track record.  

We use it for our personal + biz banking.

So your new bank will just pay off the loan to your “LLC bank” and you have a new mortgage with your new bank.