Although William Silva ghosted me for over one month, as soon as BofA contacted his bank, he blew up my phone with nasty phone calls and texts.

Banks and attorneys use it for skiptracing so, it would probably be good for you too.

Most banks I work with require anyone with over 20% ownership to guarantee the debt but have seen as low as 10%.

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

Let's also face it, if someone doesn't have 500-5,000 in the bank as a wholesaler for EMD on their deals for their own business, another red flag. 

@Hellen Sut in Michigan, once we have a money judgment, we try to garnish: wages, bank accounts and their state tax refund.

The banks/credit unions said I needed 6 to 12 months of ownership to get refied. 

We're in a small town so we ask our bank loan officer who is involved in the community for a CPA reference.

Meanwhile, bank money market paying 7.5%.