Hey everyone I have a newbie question,
Lender 1: bank, buy under personal name, max 3 properties but better rates
Lender 2: HML, buy under a corporation, more scalable, worse terms
Id like to start with the bank....
What is the best way to setup up bank accounts for rentals. I have my main personal account. I also have another bank account at a different bank just for closer convenience. I have a 3rd bank that I just opened up...
Can Broker buy foreclosures under his name? Thanks:)
I've been trying to fund a small buy and hold project, with my newly formed LLC. I've had a ton of no's. Big banks won't touch it, small banks where I am won't fund a project out of state, the local banks in the inves...
Afternoon BP,I've been banking with the infamous Bank of America, for my entire working life (since age 13). I had always heard complaints about the bank in passing conversations, but paid them no mind as I hadn't not...
Hi Everyone. We are getting ready to make an offer on our first reo property with the intention of flipping it. We have set up an LLC and would like to make the offer through it. However, all of our funds are in pe...
So I am about to collect my first month's (plus last and security) rent on my first property - rental application in, background checks complete, initial deposit provided in the form of a check... but I don't have a b...
Does anyone know of a bank or a credit union that will give a mortgage/loan on a property in Indianapolis that is owned by an LLC? I am trying to decide if I should buy under my personal name or the LLC.Simon
The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...
So i recently started my own LLC that I plan taking mortgages on my rentals with. I understand that the mortgages will still be under me ultimately but how do I go about applying for one under the name of my company? ...