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Hello,
Here is my situation. I own a two flat no debt section 8 clients, for the last two years. The bank told me the criteria for the loan is the property it's self not my personal finances.
The preliminary answer...
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I have about $80K equity available in my primary residence. I also have an investment property that was purchased and held in an LLC. The bank is requesting all kinds of documentation on the investment property includ...
I am looking to obtain a line of credit for my REI business. I have received some very attractive offers from companies like Discover who offered me (not my business) $25,000 at 0% APR for 12 months. I personally have...
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I know it’s hard to get financing for re for a new business but could you buy the investment personally and then transfer it over to your business if the bank allows that? It would help with personal protection. Would...
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Hi all,I am looking to purchase a 4 plex and was looking into down payment options. Is there anyway (apart from owner financing) to put 20% down as opposed to 25%, and not have to live in the property like with a FHA ...
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When first starting out with less than 5 properties, should I open a business bank account? Or should I just open a personal checking/saving/line of credit account and treat it like a business bank account? Also are t...
I am pretty fed up with my big bank and want to move my accounts. Has anyone in Vancouver WA developed a good business relationship with a local bank/CU? If so, can you please share your experience? I am looking to...
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I am currently looking for my first rehab project and had some questions on the accounting process. I am assuming that I will need to track the amount of money used for the repairs, holding costs, realtor fees, etc i...
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A friend is about to enter escrow as the seller in a business&commercial property sale. The buyer has already submitted the earnest money and signed the escrow documents. The seller is in the process of reviewing ...
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Good afternoon friends, I've been combing through the forums looking for recommendations on the best/most recommended bank accounts to use for rental income but have not had any luck. So I figured I'd post this and se...