Eli M.
How many loans can one practically take?
Dear BP community,I was wondering, is there a formula how one could calculate how many loans banks can practically give him?Does it matter if I buy the properties on LLC? Does it matter if my wife is also on the llc? ...
Nahal Beckam
Tenant has withdrawn money from my account instead of depositing
Hello, I asked my tenant to pay the rent online. Gave him my wells fargo bank account and routing number. then he said his chase bank has sent me two small deposits to verify my account. so I gave him the amounts of t...
Lisa D. Hamblin
Beginning my Career in Real Estate, but I have many questions
I am brand new to real estate. I was advised to start an LLC, open a business bank account, and then seek out investors. What do I need to do to establish a relationship with an investor, and what questions do I need ...
Sarah Pelton
Checking Account and Business Credit Card Recommendations
Hello! I have 3 LLC's right now--one for each STR. My plan is to open up a separate business checking account per LLC. My questions:1. Who do you recommend for the business checking accounts? Is Bluevine a good option...
Anna M.
CAN A BANK CALL GOOD/PERFORMING LOANS?
CAN A BANK CALL GOOD/PERFORMING LOANS?IF SO HOW DOES ONE PREVENT/PREPARE FOR THIS, OR CAN THEY?I have always thought that if I am current on my bank loans the bank would not want to call the loan or foreclose on the p...
Mel Hayes
liability insurance minimum
Hi BP,Is 500k enough liability on a 2 bedroom single family rental property?Thanks for all and any answers.
Tyshawn Best
Should I get an LLC.
Most of the hard money lenders I’ve connected only lend to entities. So should I get an LLC even though I plan on refinancing with a bank(That I’ve heard will not lend to entities) or is it not a problem. And what abo...
Keith Jefferson
Quit Claim Deeds / Cash out refi on cash purchases within an LLC
I was recently doing some research both online and speaking to a couple of lenders. I wanted to hear from other investors, lenders, etc from the BP family. I'm sure many of you have experienced this in some shape or f...
Andrew Savage
BRRRR: refinance HML to conventional
Hey everybody. I've dug through the forums and seen only a few light discussions on this issue, which confuses me a bit.
I've read a lot about BRRRR, and everybody talks about buying/rehabbing with hard money and ref...
Alvaro Narino
Non recourse lenders
Hello BP members,
Wondering if anyone out there has worked with First Western Federal Savings Bank or North American Savings Bank? These two banks were recommended to me by Equity Trust (custodian) and being new to h...