We applied for a loan with them after the banker gave us a lot of confidence they would lend us money under the above terms.

I was looking for an active investor, banker, lender or someone familiar with the area vacancy rates,cap rates, urility and ins costs

I talked to a banker this morning to get details on how to do it, and she wasn't sure - she said that normally, a purchaser buys the property in his own name, and then transfers it to the LLC.

As we develop our business we will put in place a solid group of people with defined roles that will ensure our success such as Realtors, settlement attorneys, contractors, and bankers.

Hopefully its toward the lower end for you.First steps would be to check your credit score, then go to a banker for a hypothetical loan to see how much you qualify for.

From plumbers to private investors, bankers to butchers and everything in between; I also learned from my dad that your network is your net worth.

Why didnt any of the bankers I called to ask if they do portfolio loans tell me about this option.

This probably isn't the best idea and I definately won't be telling my banker but I am in a similiar situation on a smaller scale.

I already had the contractor tagged to go through it with me, and had spoken with a banker about a loan based on the after repair value.  

Account Closed I have a great relationship with a local banker (VP of commercial leading) that does commercial loans, business and Multifamily.I also have a great relationship with a mortgage broker that can help with something like what you are trying to do.Send me a PM