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...
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...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...
Corey Arnold
Looking for a loan for my property
Just started doing business and would like to know how to get business loan for my property that I have found.
Joshua Hollandsworth
Can I finance real estate by doing this?
I have an idea, because financing 1-2 properties per year isn't cutting it. Can I do this?Here is a scenario:Rental property sale price- $50kCash required to finance- $15k (Down payment, appraisal, inspections, closin...
Tran Chau
Guaranteeing an LLC for an Apartment Purchase
Hi all! I'm currently looking at an apartment building where the purchase price is around $1.25m. If all goes well, the plan is to purchase the property through an LLC.I spoke with a commercial lender the other day an...
Rosa Alba Perez
Starting out, learning, any advice on best HELOC product
Hi, I’ve been learning for years about REI, have great equity on my home, decided to apply for a HELOC but before wanted to hear some advice about who offers the best product. I’ve read about BofAmerica as the best on...
Dwight Cook
What is the best way to finance rehab costs?
Hello everyone,
I am currently looking into buying a property that needs some work done on it. I haven't seen the property in person but I will be seeing it in the next day or two. especially because my last deal did...
Mario Dattilo
Issues with buying in Corp or LLC
Is anyone having issues with BOA and Wells because you are taking title in your corporation or llc? Bank of america countered with something like "because the buyer is an LLC we are countering with 154k" and told my n...
Christopher Dyer
Looking to lock first property for fix and flip.
Looking to get some creative idea's for financing. I've talked to serveral HML and they require min 660 FICO and 20 Percent down. I see alot of people making deals flipping houses using "no money down" :roll: But it...