Ed Kowalchuk
Bank loan:25% down using a new LLC with a personal guarantee?
I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside ...
Bill Briscoe
How to buy multiple bank financed properties with 3 person equal LLC
Please let me know if I'm missing anything here or what else I need to consider.
I'm wanting to partner with 2 friends to form an LLC to buy rental property. We don't have a ton of cash so my first thought is to buy...
Joshua Schoer
Any NC Bank that will do mortgage under an LLC w/ personal grnty?
Hi I am hoping to purchase my first rental property and have already set up an LLC for all of the tax benefits that it brings.I was hoping to get a mortgage to own the property in Charlotte NC under my LLC's name with...
Jain P.
4 mortgage loan limit big banks - Is it per person or per family?
I have 3 mortgage loans(1 primary, 2 investment) under my name only. All titles for home are under a revocable trust with both spouses name listed as trustees. My spouse doesn't have any loan under her name.
For the ...
Matt Rodak
Hard Money, Personal Funds, Bank, Individual Investor...Which do you prefer for a flip?
Hello,
I'm entering into the world of residential home flipping and wanted to get all of your thoughts on what you prefer when financing the deal.
Hard Money?
Use your own capital?
Bank?
...
Dirk Heite
Is it legal to have a personal loan on top of a bank loan?
I offered an off market SFH in Oregon $510k, bank financed and a side $30k loan at $1500/mo. This was my creative way to meet her $540k asking price and my need to keep the loan below $484k so I can get a conventional...
J. Pablo Fernández
At what point do banks treat me as a company instead of a person?
Hello,I have an LLC that owns another LLC that owns a property outright. It's cashflowing nicely every month and yet, if I want a mortgage, the banks ask for my credit record. At what point do they start treating me a...
Kyle Steiner
10 Loan Limit - Will Bank Lend to One Person if 2 are on title?
I'm writing an offer on a property that I'm planning to pay all cash for. My wife and I are each contributing to the purchase and we would both like to be on title. However, we have a long-term plan to accumulate mo...
Ajeet Ganga
What % of rental income can be showed as future personal income to get the bank loan ?
I am working to get a bank loan on multifamily, with cap-rate of 8 with price of $1million+My personal income alone will not be sufficient to show the loan repayment guarantee. The property is making about $80K, in NO...
Linda Pierce
can I deal with a bank directly about a house I want to buy from a private person?
There is a vacant house I have been eyeing. I finally got to meet the owner the other day and found out she would love to just get rid of the house. The problem is when I run the numbers at 60% ARV, I come up with a...