Hey guys, I meeting with a wholesaler tomorrow and it’s my first time going into this.  

If the new loan and the old 2nd meet certain criteria (basically the new loan being a rate and term refi of the 1st, the 2nd being fairly small, closing costs being low) then the 2nd could be automatically subordinated to the new 1st, regardless of the sequence they were recorded.

Nice to meet someone in a similar situation (currently househacking, recovering ex-consultant, also hoping to quit the 9-5 at some point in the near-ish future, and looking for properties in similar parts of town).

Also add the Meet Up App or Meetup.com to that list.

Hi, I am learning about commercial loan terms and will meet with a lender on Monday.

LLC doesn't meet that requirement.

This was a issue because when I started meeting with local banks about this portfolio loan, almost every bank told me to come back after I had been in business for 2 years (2 tax returns).

You’re either talking to the wrong people or don’t have a good deal.Go to a local meetup, meet like minded people and see if anyone has interest as you build those relationships.

We are actually meeting with a realtor and management company (same owners) today so we are excited to get things taken to that next step!

Look forward to learning more and to contribute to this awesome community.Thanks,RomelHi Romel, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.