I'm tring to get financing however everyone is shutting me down. I've called wells fargo, hsbc, citi, ect and I keep getting the same answer. They will not finance a 2 family property to a LLC; only commercial. They w...
Help - not having much luck with financing in NY due to LLC structure. Any help is much appreciated
I'm evaluating lending $25k to a colleague who is been fix/flipping for some time. He has a good track record, but I have never lended money so I'd appreciate any guidance in how to set the terms and what steps are cr...
Hello BP,I am a newbie from Columbia, Md. I am in the process of creating a LLC to protect my personal assets from my investment assets. Question, once this is done will lenders check the credit score and finances o...
Friends,I am currently purchasing a rental property using a personal mortgage. My lawyer has told me that i can buy this loan using an LLC as long as i sign a personal guarantee with the bank guaranteeing the loan wit...
I've heard of people getting credit lines of 20-40 million with no problems. They have relationships with the banks etc, but what do you need as far as networth or income to actually get this amount of money from the...
Is the loan guaranteed simply by a promissory note? Does the note list the property as collateral effectively placing a first lien on the property until repaid?
I am considering using this to purchase property to reh...
Hi all,I was working on a deal this week that unfortunately fell through due to the seller changing his mind and deciding to leave the property to his son. Anyway, I gained very valuable experience in negotiating wit...
Can we assume all listed tax sale (tax lien, tax deed or hybrid) properties are valid cases?For example, I found some properties are owned by non-profit companies exempted from property taxes, and a property has non-p...
This might sound like a novice question coming from a novice investor. I have a group of 5 people looking to pool money together to purchase our first rental property. For simplicity, let's say each person puts in $5k...