We have a minimum $50,000 loan amount and require some reserves to be shown in any retirement account bearing your name.

Hello, I am just starting up a wholesaling LLC and was wondering if anyone had some recommendations for a good business checking account to use.  

@Mark Davis  Each time there is a transaction with a loan involved the lender will require a new, updated title search and a lender's title policy.  

Personally, I set up a bank account for each of my tenants at a nearby bank and tell them to deposit the money into that account.  

So I have been mostly using my brokerage account to buy properties as my credit line.  

The 2% rule says $2000/month.Also keep in mind that there are costs involved in holding your property that exceed just a loss of value.

I'd start by reading something like this - http://www.bizfilings.com/toolkit/news/tax-info/ll...and then go on to discuss the situational details with my accountant and/or attorney.

We learned about it from a group we got involved with through a local Meetup.com real estate investor club.

My current thoughts are:I really want to flip houses and would love to get involved in that.I've wanted to buy my first house for years now but knew I wouldn't get a mortgage loan (because of spotty work history through college).

Thanks for sharing Account Closed!