Giovanni Rodriguez
Help with getting a heloc
6 January 2025 | 3 replies
A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money.
Dallas Theobald
Bossier City Project
5 January 2025 | 0 replies
Bossier partner managed property and repairs while we managed business structure and banking account setup.
Robert Stephenson
Older Investor needing help getting a Second property
21 January 2025 | 13 replies
Start by talking to your bank.
Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
It may create a problem for you later if your bank discovers the account is owned by an LLC that no longer exists.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
This is already going on in banking.
Jessica Medvec
Is “cash only” really cash?
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).
Jimmy Rojas
Best place to get a -$40k personal loan
31 December 2024 | 3 replies
Many banks limit personal loan amounts.
Amos Lee
Ohio or Vegas??
6 January 2025 | 8 replies
So you better find something that cash flows or you’d be better off putting the money in a bank CD.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
But I guess if you want to give a bank $375,000 upfront and $10,871 a month for 30 years you are welcome to.