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I was recently told by a mortgage banker that banks has capped the amount of properties a individual or a LLC could have open mortgages to four, three investment properties, and one personal residence. Is this true? W...
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Interested in investing in self-storage facility seems the bigger banks frown on financing this type of investment. Where can I go to get financing? any suggestions
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Hi everyone. I'm Lou and I'm new on BP. I live in Staten Island NY which is actually the forgotten 5th borough of NYC. I grew up in the flooring business and now have taken the helm since my dad's retirement. I've...
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First, what is the maximum amount of loans a person can obtain? I also have read that creating an LLC to get another loan is usually not acceptable because you (the owner) have to still sign the documents basically ma...
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ANOTHER Dodd Frank question: How do I get around the owner/occupant restriction for Hard money? After several hours of research, I've been unable to come up with some answers to this dilemma. A lot of people know ab...
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Looks like I missed the refinance part... i have a hard money loan. Im wrapping the rehab of this house after 2 months its ready to rent and refinance. Except I cant pull any cash out for a year... HOW DID I MISS THIS...
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I’ve read a number of posts online saying mortgages are possible as a US citizen in Panama.However, I visited some realtors in Bocas Del Toro and they said mortgages aren’t possible there or for foreigners. Has anyone...
I was listening to an old BP podcast recently and heard what I thought was an interesting tip: get your personal mortgage at a local portfolio lender as a way to establish a relationship that can be leveraged for futu...
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Looking to open an account at an investor-friendly local bank or credit union. We currently secure HELOCs on our rentals through Huntington but would like to utilize someone smaller. Our current bank does HELOCs on re...
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I am seeking investor friendly business checking accounts to host my RE holding LLC checking accounts. I am reaching out to the community to see if anyone has good suggestions after repeatedly getting burned by Chase...