I have a client looking to refinance 3 rental properties he owns free and clear in Memphis TN. Anyone have any contacts for banks funding blanket loans on smaller portfolios? He intends to use the funds to keep grow...
I'm purchasing a property with a partner and this is our first deal together. What are your suggestions/experiences with opening an account? Should we have one together? How does this work come tax time?
a question was unanswered last night as i listened to the most recent pod cast on my nightly drive. the bank resell rules and how to get around them. i believe i know the answer. just buy the property under a LLC t...
Right now I have 2 vacation rentals and one long term rental. Each has a separate bank account. After some research I've decided to consolidate. Should I put all 3 houses in one checking account (mortgages maintenance...
Hey BP, may be a stupid question but I don't know the answer.. when buying a house with 20% down and putting some sweat equity in and then trying to cash out refinance, should you use the same bank to cash out refinan...
I'm new to being a RE investor. I just want to know which banks are the best for my business?
Good Evening All,I am considering buying a rental property. At this point, I know that a bank looks for a low Debt to income ratio and cash reserves on hand for about 1 year.Which of the following scenarios would the ...
Hi BP,I currently live in California and invest in Pittsburgh - we have nearly 60 units in the Pittsburgh area. Currently, we use a property manager (and subsequently their merchant bank account) to manage our financ...
I am in the processing of purchasing a property less than 100K. This is a town home costing 55K...and I would not rather pay cash. This unit will generate 1190 in rental income. Anyone recommend any lenders that of...
Can you low ball an offer on a foreclosure property or are banks set on a certain price?