George Gao
Banker wants to modify my loan because I moved it to an LLC!
Hi BP, I would like to move my rental properties into my LLC. So I gave my local banker a call as a courtesy heads-up. Unlike other banks I dealt with before, he said I would need to get my loan modified, which wou...
Han Qing Zhang
How to get a business loan if we are young company?
My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...
Chase Griffin
Don't have a 20% down payment for multi-plex
I have recently found an awesome 4 unit multiplex that I am seriously interested in buying. It is in a great market, location and was just remolded. It is more than I was looking to spend and my banker recently said I...
Ben C
Private banking account
Hi,
I am shopping for a 30 years fixed mortgage and my credit score falls couple points below the "excellent" range. it's only because I had a $56 collection back 6 years ago, which I was due to a move and paid in fu...
Mark Byrd
New To BP!
Hi I'm New to BP. I would like to start flipping and Rehabbing homes. Is there any Good advice you can give me on how to find a lender or a hard money lender in Florida? I have seen a couple post about posting your d...
John Hamilton
Cash or Assets Required for an Asset-Based Loan
Say you want to invest and buy a $50,000 house.
You have no income.
You put together Other Peoples' Money, structured through an LLC, with the goal of getting an asset-based loan for this $50,000 house.
Maybe you ...
Issa Rice
What do banks need before they will give a loan?
I was reading an article that banks look for at least 2 years experience from an investor. I wanted to know how true that is and how do new investors over come that hurdle. Besides the 20 or 25% down payment, what els...
Alfredo Navarrette
How to purchase first house hack!!??
Hey guys I’m in a pickle here. Started a new job last August as a blackjack dealer which is nearly all tips based. Problem is to get traditional lending to house hack a multifamily takes 2yrs of tips reporting. My que...
Dustin Garrels
How to learn about agency debt
Can anyone suggest a good resource to help me learn more about agency debt?
Ben Sears
Review My Property Portfolio for Lenders
I'm soliciting some feedback on a property portfolio that I'm putting together for potential lenders. I'll have one of these for each property that we've completed as well as a cover page detailing our company's finan...