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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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7 January 2025 | 3 replies
If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
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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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11 January 2025 | 31 replies
If they are available online or in person.
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16 January 2025 | 10 replies
If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.
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2 February 2025 | 11 replies
We have a 3% rate so dont want to refi but the property has appreciated quite a bit so would like to tap into that equity to fund our next deal.I am having some trouble finding lenders that offer helocs on investment properties.Does anyone know of any banks and/or lenders that do helocs on investments?
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29 January 2025 | 23 replies
A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.
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29 January 2025 | 27 replies
A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?
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4 February 2025 | 4 replies
Call 3 references: Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.
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5 February 2025 | 9 replies
The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.