Hey guys,
I have been doing research on the best banks for real estate investors and I see that many people favor local banks or credit unions- where they can create a relationship. My biggest question is: when you...
I'm on the prowl for a commercial lender in the PGH market. I've called about 20 community banks in the market and the best terms I have received are: 80% LTV for 20yr AM @ 4-4.5% - many banks offered something along ...
I am new to REI but am interested in the Buy-Renovate-Rent-Refi approach. I have an LLC and we just closed on our first property last week (cash purchase). From having a short discussion with two different banks, I fo...
Hey I was wondering - Let’s say I find a pre foreclosure property, get the owner working with me, would I be able to pay off the delinquent amount and make an offer on the home being backed by my bank money, also woul...
I have a funding client in Phoenix who wishes to use my funds to make offers on REO properties. I have read the posts and blogs here on how to maximize our chance of getting our offer accepted by the bank. But there...
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
I heard a lot of benefits about portfolio loan and the importance of establishing good relationship with local banks. I wonder if moving one's everyday banking business (e.g., checking, savings, etc) to a local bank w...
Is there any restriction on wholesaling or flipping REOs? Does the property needs to be purchased under LLC or can be individual name? Appreciate the advise. Thanks.
Would you be able to do a seller financing deal With a SFR you have a mortgage with little to no equity in?Such as a home you purchased for 200,000 And are selling to someone for near the same price of $210,000 with a...
I am interested in purchasing my 2nd property. Preferably a multi fam unit. What are the pros and cons of pulling an application with a larger bank versus an independent lender?