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Hello! So I recently formed an LLC, and am planning to do some banking with my business. I live in Hawaii but my LLC is out of state. Its pretty sad, but here in Hawaii we dont have any national banks with local branc...
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We are trying to close a property in Indiana and the lender we were looking to use can't close within our 9 day close period because he can't get an appraisal in the time frame. Is anyone else having this issue? What ...
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Hi, need advice from fellow members.We have multiple commercial properties in the excess of $35mm range. They are spread out with multiple banks and rates are between 5% to 8%As were continuing to grow, we’re thinking...
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Hi, I hope this is the right forum.We have a total of 14 properties / 36 units with great cash flow in Upstate NY that we've owned for almost a year now. We'd like to refi with only the information about the propertie...
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Does anyone have a generic property management agreement template they would be willing to share? To we refinancing a property, and the lender wants to see a formalized PM agreement in place as part of their underwrit...
Hey all - I've recently relocated from Los Angeles to a smaller city in the Northwest US. I'm working on buying apartment buildings in the 15-20 unit range and trying to figure out some rules of thumb to gut-check th...
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I know there are companies that give HELOCs based off the future appraised value of the home. Does anyone know the names of these companies? Besides Renofi.Thanks
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Does anyone have experience borrowing residential loan of $50k or under? I heard most banks won’t lend for such low amount. My banker from Chase said he ‘believe’ the lowest amount they can lend is $10k. He doesn’t so...
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I have a bank account with an investment bank (think of any of the major national investment banks). They told me today that to lend on a single family or under 5 unit rental property, they expect a 40% down and that...
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I got invited by a local real estate investor's association here in Chicago SW suburbs to speak about PRIVATE LENDING. Together with me on the stage are 2 lenders - a hard money lender and a conventional mortgage lend...