And the bank is charging me $670.00 AGAIN.

He then hired a foundation company that put in 9 exterior piers to level the house and it came with a lifetime transferable warranty.

Obviously VERY important, because you don’t want a bank coming back to you in a few years and telling you that the account is past due and they are going to foreclose on the house because the loan hasn’t been paid.

They're only asking 117k but so far the banks I have called won't finance me because its 2 separate buildings.

The bank will let your monthly debt service be up to 45% of your monthly income. 

Hi,My name is Brian Carolan and I am looking for recommendations on which banks to use in Rochester NY to finance the purchase of a 2-4 family rental property. 

Or should it come to us so we have a tax record of it being inside our bank account?

I want to do an 80-10-10 loan, or piggyback loan. 80% from a small bank, 10% business line of credit from a larger bank, and 10% downpayment from me.

With a home equity loan you can borrow against that difference, some banks allow up to total of 100% of homes value but typically best rates are 80% and below. 

I’m going to sell this property soon as my HOA won’t allow me to transfer it over to an LLC.We want to purchase 5-15 doors (2-6 multi family homes) in the next twelve months and I currently have about $5000 saved and potentially have access to an additional $150k in family/friends money.