@Paige Corsello...You could call your bank contacts and find out if they are broker friendly.

I ask for a list of their current ongoing monthly expenses.Lastly, I have them sign an authorization to check all the above with their bank, their employer, etc.

But unlike going to your bank (and getting your local banks CD rates), with these accounts you can shop CD rates nationwide. 

If your asset is older and/or smaller, you may have better luck with local community banks or credit unions.

. - The advantages of working with private lenders: - Faster access to funds compared to banks. - Flexible terms tailored to the specific deal. - Ability to leverage their network and experience in real estate. - Private lenders are not just sources of capital but can also be strategic partners who bring value to the table. 3.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

@Eric Yu, @Brad Jacobson, I bank at MACU, but I use a mortgage broker for most of my loans.

When I tried to get it when my side of the family found out and tried ti take over reverser 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.

I would keep it in a high interest bank account might as well earn as much gain as you can no matter how small it is.However I think some debt pay down would be great not to the point where you are not liquid enough to Jump at another opportunity or can’t make a major repair when it arise.

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.