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Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...
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I am a little frustrated here but I wanted to get advice on how any of you may overcome DTI limitations when applying for loans or HELOC/LOC? I applied for a HELOC and the equity is there and my credit is 750+ but the...
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My yearly cost to run my STR is $30k and I've been bringing in $100k for the last 2 years. Can I take out a HELOC/somehow leverage to pull cash out for a down payment on another property?
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Hello All! New investor here. I’ve formed an LLC with 3 other family members, for a total of 4 members with equal ownership. We would like to purchase a rental property thru our new LLC, but know that since the LLC do...
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I am looking for a lender recommendation in Grand Rapids, MI. We are looking to acquire 10 units (2-4 units each) in the next 12 months. Does anyone out in BP world have a good bank or lending institution, who is on b...
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Hello I am currently setting up a bank account with my ADU that I am renting out. I am curious if there was a bank or app that you guys have used to keep your accounts separate, what kind of account, and how easy was ...
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We have a property in NY with lots of equity. It is owned in an LLC. Rents are good. Would like to apply for a HELOC but places I find will only do it if it is not in an LLC. Where can I find a company that allows ...
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if you don't mind telling me what types of loans are there for investment properties
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I'm looking to get a home equuity line of credit for an investment property owned by my LLC. I just talked to two banks and they both said that they don't offer them for investment properties. Anyone know of any good ...
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I am getting ready to close on my first property should I set up a business bank account to put my cash reserves and for the rent checks to deposit into? Thanks for all of the help.