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17 January 2025 | 19 replies
Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..
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11 January 2025 | 8 replies
Most banks don't really know how to do that because they cater to SFH owner-occupants.
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13 January 2025 | 11 replies
Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.
11 January 2025 | 12 replies
I think the LLC also makes it easier to open a local bank account, which is convenient to pay utilities or other local bills or your property manager, etc.
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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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3 January 2025 | 7 replies
The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.
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27 January 2025 | 8 replies
Are you going to keep the separate bank account, keep corporate minutes?
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27 January 2025 | 15 replies
@Laurens Van swol a few banks that we've worked with in the past allow you to close in your personal name.
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14 January 2025 | 11 replies
I recommend you figure out what you want to do, then actually do it to see if you enjoy it, have some skills, etc.
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10 January 2025 | 6 replies
Go to small local/regional banks NOT national ones.