Colton Reid howard
How to get LLC Loan in Chicago IL
Hey Bigger Pockets!Hope you all are doing well!I have spoken to several banks in the local Chicago area about loans for LLCs. Anything residential will have to be a personal loan and only commercial can be given a lo...
Rusty Lee Monchil
Loan question for purchasing rental property
Looking to purchase first rental property. Have LLC set up, bank wants 20%, since not using equity from personal home, but they want to loan in my personal name, not my LLC.
Question : Don't I want the loan to my LL...
Gilbreth Seno
I'm a newbie investor. Should I start an LLC first?
Hello all. I'm a newbie investor looking to make my first flip. Should I start an LLC first and put the house under it?
Corbin Jones
Deed transfer - will it hurt my credit?
Hello, I have a piece of land in Arkansas on a mortgage and a home in wisconsin that’s on a mortgage, both through banks. If I quit claim these out of my personal name into an LLC, will this hurt my credit by closing ...
Natalie Lee
Business banking account recommendations: credit union or bank?
Hi, we live in Northern California and are investing in Phoenix. Which bank do you recommend setting up our business banking account for the rental properties with? We could go with the big banks like Chase or Bank of...
Laura R.
First Time Investor Purchase - Land Trust & LLC Formation
Hello, I'm under contract on my first rental property located in Buffalo, NY. The property will be financed with a mortgage in my personal name. My understanding is that I will need to take title in my personal name t...
Pretty Khare
REI Friendly Bank Accounts
I am starting my journey as a landlord and have read that it is a good practice to have a separate bank accounts for each rental property to make accounting easy. Any recommendations on which bank i should open an acc...
Matthew Fitzgerald
Setting up Accounting for first rental
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...
Kevin Hassold
Refinancing through an LLC
So I am currently working towards buying my first BRRR property and have recently found a private money lender willing to set me up a line of credit to purchase and rehab a property. The only catch is that they will o...
Anthony Gayden
Do Some Banks Just Not Like Investors?
I decided to get pre approved for a mortgage today. I called up the bank that I used to purchase my personal residence. I told them that I wanted to buy a single family home as an investment property. Immediately the ...