After exploring the 70% LTV option at 20 years, it turns out you need 2 years of established rents in your LLC to qualify or $250k in an accessible account (non-retirement). 

Originally posted by Account Closed:@Diego Hooker Welcome to BP!

There are so many other expenses to take into account but your quick and dirty method kept you out of a mess.

Account Closed Yea that was my thinking that it might be risky.

Just because it's C class doesn't mean your getting bottom of the barrel people that don't use bank accounts lol, my Tennant's are mostly younger service or labor industry workers.

Great Guy and Class Act by my accounts of him.  

We also take into account the proposed new payment. 

So let's assume I am a passive investor that has come into 30k  as risk capital distinct from my portfolio of investments (retirement accounts etc.).

I'd be willing to move a lot more money over if we were going to be using their lending services.We have been using Fortera but their online system is TERRIBLE, especially for trying to transfer money to and from our Ally accounts. 

I'm looking for a local bank, that understands Real Estate Investing, to open up a business account for my investment company.