Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
If you have a budget and allocate the costs, not sure why you would need a different bank account for each?
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income.
Mary Parsek
Financing to buy commercial real estate notes
13 January 2025 | 3 replies
I have a bank locally that will use DOT as collateral for loans.
Joshua Cole
Was I mislead in a deal involving cross colateralization?
14 January 2025 | 1 reply
They switch banks and ask for an extension and add another $2500 deposit as a show of good faith.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
Banks had no reason to call notes due.
Will Cruz
HELOC for investment property
14 January 2025 | 2 replies
Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?
Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
13 December 2024 | 16 replies
Go to Solera National Bank or Titan bank, both of them specialize in accounts like this.
Zach Denny
Partial Seller Financing
9 January 2025 | 5 replies
@Zach Denny Similar to what Minna posted above, I have done with a local portfolio lender bank where they set their own lending rules.