29 December 2024 | 9 replies
Second to cash in the bank is HELOC cash because you can use it however you want (you just have to see it already in an account).
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7 February 2025 | 9 replies
Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.
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7 February 2025 | 2 replies
The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.
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3 February 2025 | 0 replies
Would banks typically provide a HELOC on an investment property, and if so, what terms should I expect?
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29 January 2025 | 2 replies
Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.
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4 January 2025 | 4 replies
I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.
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28 January 2025 | 1 reply
Should I be concerned the bank may have issues with this?
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1 February 2025 | 21 replies
As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc.
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23 January 2025 | 1 reply
When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.
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28 January 2025 | 2 replies
Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.