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My partners and have just created our LLC and we are looking to close on our first deal in the next 45 days. We are starting to work out where we would like to hold the LLC's money. Outside of your typical fees (minim...
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I am a new investor that made some newbie mistakes on my first deal. At this point I’m trying to learn from it and move forward but I have been spinning wheels as of late. I purchased a rental property in a small city...
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I have another friend, actually the person that introduced me to BP who is also a Pro member like me @Delmas Gibson that has questions as well about being able to borrow or get funding when one owns an LLC.
Are the...
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I wanted to run these numbers by everyone on this forum to see if this local bank might be the way to go in lieu of conventional financing for our next purchase. There are both pro's and con's to what they can offer(...
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Pretty simple situation for most but first time for me. I'm moving in the spring would like to rent out my current home. Initially thought I would set up an LLC but keep reading about banks being able to call on ...
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Hello all,I am currently in the search for a multi family investment property in Atlanta, GA and have just gotten pre-approved by my own bank (Bank of America) and a few other big lenders. However, I have been conside...
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I am looking at a possible property for my first rehab.
I am going to put an offer of 30k.
I estimate 15-20k in repairs.
Houses on that street are selling for 90k-145k
Those numbers seem to sound good.
I ha...
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I recently closed a multi family refinance deal. As a retired person I didn’t have many financing options for a difficult commercial deal and had to pay higher financing costs. Other than having cash on hand and absen...
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I successfully picked up an investment property, trying to do a BRRRR (I'll most likely still be leaving money in the property). Rehab is done, and it's rented out, and it's also cash flowing nicely - better than the...
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I just got a 5 unit multi family under contract today. I was wondering if anyone knew any awesome local commercial lenders in Louisville. It looks like I'm likely going to go with Republic Bank, however it doesn't h...