Ryan Williamson
Can’t find a bank to give me a loan for my new LLC
I started an LLC In March 2021 and I’m now in search for funding for my first deal. Since my business has no activity and no revenue yet all the banks I go to are not even considering loaning to me. I have great credi...
Rickie Mincy
Bank Account Suggestions
Hi BP!I will be closing on my first rental property next week and Im looking for suggestions on how to manage the bank accounts. Based on my research, Im going to open a checking account for rental income and savings ...
Brandon Phelps
Do you have a favorite bank for a checking account?
I have one rental property, and am about to get one or two more. I've got to get official about this business now and am looking for opinions on your bank. I'll be opening an account just for the rental. Obviously if ...
Peter Sik
paying echeck for property management, SAFE?
Is it safe to use eCheck? PM is asking for payment, and one option is eCheck. Otherwise they charge like 3% for credit card.I am wondering if someone use my bank account number and router number there, they can do wit...
Hong Gao
Rental property under own name or LLC name
We put a townhouse under contract with cash and are planning to refinance it after closing. Talked to several banks and credit unions. Most of them would not Refi Properties under LLC names and it takes longer to fina...
Jose Belman
Building Credit for your LLC
Does anybody have any experience how your LLC can obtain credit in order to apply for credit cards? I understand the sole manager can apply but how about the LLC/entity . Thank you
Anne Morgan
First Timer - Looking for Bookkeeping advice
Hello!My husband and I plan to start managing a rental property. We are currently under contract on a new primary home. We are keeping our current home as a single family rental. This made the most sense for us with a...
Latora Harris
Wrap-around crisis-Need advice
Hello,I have a motivated seller who has a difficult situation and I'm having difficulty coming up with a solution. The property was sold last year on a wrap around mortgage to the new owner. The deed was transferred o...
Quy Huynh
How to buy more than 4 houses?
Hello,I am having an issue with loans. Conventional loans will only let you go up to 4 houses and that's it - can't buy anymore homes. How can you find lenders that will loan more then that? The most I've heard of is ...
Paul Smith
Opening Bank Account in USA
Hi Everyone I'm based in Australia trying to open a bank account in the USA. Have tried a lot of banks aware that I will most probably have to turn up in person at the branch with the appropriate documentation and US ...