Lawrence H.
Personal Gtee for LLC
Hi BP!Is it common for refinancing banks to require a personal gtee even if they're lending to an LLC? Isn't the point of the LLC to limit risk to the investor? Additionally, if there is a personal gtee, won't the loa...
Mary Jay
Please help with Funds co-mingling
Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...
Matthew Gonnering
Building Business Credit
Building business credit has been something that has come up a lot when I have been looking for doing deals. Basically to start from nothing I have learned that my business needs to be set up as an LLC, has its own bu...
Alex Malone
Leveraging properties in LLC
So we fully own few SFRs rentals under an LLC (no mortgages). And we want to buy few more cash properties. Can someone give me some info on the portfolio lenders? Specifically, what are the current typical rates, LTV,...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Hussain Harun
Recommendations on Lenders in Wisconsin
Hi All,I am a relatively new investor in Madison, WI. I purchased a 4 unit building last year through conventional financing at 25% down through a local bank (Park Bank). I am looking to buy another (likely owner occu...
Joshua Esplugas
Local lending options
Hello all I just refinanced my personal property through key bank and the process was not easy to say the least. It took the underwriter over a month to review my file and it felt like we were going through hoops to j...
Michael Perry
About accepting rent online
So My first property ever should be closing in the beginning of October... Yay!!But I'm not sure what to do here. I want to set up an online rent collection account. Maybe with Cozy. I went to my bank and asked them t...
Ramon Cervantes
Using my equity, using local banks
Hi there! Need direction. After 2 months applying with Well Fargo for a cash-out refi I have hit a wall. I am being denied, after jumping through all their hoops, because I am $1000 shy in my personal savings. Can an...
Joshua Wilke
Do we need a separate bank account?
We have been reading and learning about real estate for a couple of years, and just bought our first property. Now that we are able to put the learning into practice we are discovering much that we don't know. :)Shou...