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20 January 2025 | 7 replies
The value of your SDIRA may be too low, but I'd recommend Gary Mobbs at South Star Bank in Gonzales, TX.
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22 January 2025 | 8 replies
For bookkeeping purposes, I recommend designating a separate bank account exclusive to the house hack activities to keep some sanity.
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8 February 2025 | 10 replies
As Jay mentioned they must be NMLS licensed if owner occupant of in several states even commercial needs licensing.The NMLS is like the database, each state has a division of banking that oversees lending requirements then you also on the federal level have CFPB as well as consumer protection laws.I want to add that I believe yesterday the CFPB is undergoing changes, but if it goes away that does not mean that many of the laws in place especially consumer protection laws would go away.
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3 February 2025 | 26 replies
With those numbers, have you checked with a local bank or credit union?
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10 January 2025 | 6 replies
Go to small local/regional banks NOT national ones.
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29 January 2025 | 31 replies
I still don't have a receipt or record for the transfer outside of my bank record.
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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.
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29 January 2025 | 24 replies
Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.
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21 January 2025 | 4 replies
Lenders will want to see those funds deposited in a bank or other lending institution on one or two monthly statements.
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16 January 2025 | 5 replies
Any local bank that does this kind of financing should be able to approve you as long as you have a good enough credit score and never declared BK.