If I intend to spend/use that money in the next year or three I put it in the bank. 2.

The numbers for renting work as it stands now though so I’m not just banking on property values.

My income is low because I am a college student, but I have some cash in the bank.

Well, for starters my name is Andrew Umphrey and I started listening to Podcasts about a year ago when I stumbled upon Clint Salter’s Dance Studio Owner Network Podcast, which has taught me a lot about my wife’s (Erin...

I've got a meeting with a mortgage specialist at my bank today and am meeting with another lender next week.

Hi all,I learn that we need to put our tenant’s deposit into a escrow account.Sounds troublesome , do you guys have to make trip to bank for that ?

Whether I purchase it cash or with conventional financing, the banks only want to lend/refinance up to a specific LTV (usually 70-75%) on the purchase price EVEN if I buy the property at a significant discount (e.g. 50% of its current market value).In the past I've always struggled with this same issue, and thus eventually I end up tying all my capital in properties and I'm unable to purchase more (even hard money lenders want you to put some skin in the game).

Some large banks like Chase will not open up bank accounts for a series LLC.  

There is very little support for high LTV loan products in regards to building Multiplex because banks see them is high risk.

Aside from the extra paperwork,CPA fees, LLC annual fees, bookkeeping wise, it's pretty straightforward.Finally, you need it for banking purposes, so each entity has its own checking account, so each business would have it's own profit and loss.