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...
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...
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...
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...
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 ...
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...
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...
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...
I have just created an LLC with significant funds in it. My plan is to BRRRR properties and to buy turnkey rentals. However, no bank is willing to lend to a startup LLC. I have received dozens of rejections and asking...