Darina Pogodina
Business Line of Credit vs. Term Loan
Hello BP Family.I have one year old LLC and my company made less then 10K in 2016. I really need to obtain finance to make another purchase. When I ask my bank about business loan they advised to be more specific: "A ...
Luke Slapa
BRRRR HELP! hit road block, need advice!
Need help/advice.I found a good deal with a tenant already living in the SFH. I want to BRRRR it(maybe holding off on repairs) but have hit some road blocks. I have the deal under contract now and am starting to talk ...
Ryan Luby
50/50 Partnership Structure from top to bottom
Looking for anyone to share experiences based on how they set-up and run their own partnership business.I know how I would like the business to run, but I of course get confused with the legal & accounting implica...
James Smith
Loans
How do you get pre-approved for a loan to purchase a rental property
Michael Badin
Portfolio Lenders in Philly/ Montgomery County PA
Hi all,Wanted to see if anyone on here knows of a good portfolio lender in Philadelphia or Montgomery County PA. I am going to try a few local banks but if anyone out there knows of a good one they have used I would ...
K W
Residential or Commercial Loan?
When I spoke to a lender about purchasing a 4plex, they told me that was considered a residential loan, but any more units would make it a commercial loan.
We are looking at a 6-unit property. Would that be a commerc...
Jieh Larson
Best Places for a Cash Out Refi
Hi everybody! I'm looking for recommendations in the Houston area for banks/credit unions for a cash out refi. Two weeks ago I closed on a duplex and paid cash using funds I borrowed from whole life policies. Now I'm ...
Kyle Mclaughlin
secured line of credit with cash as collateral
I'm wondering if anyone has secured a line of credit either through a bank or a private lender using cash as collateral. Is there a ratio that banks will lend on based on the amount of collateral? I understand that ...
Richard Buffet
Looking to invest 50K cash + 200K in 401(K)
Hi allI have 50K cash + 200K in Self Directed 401K to invest. However, my big challenge is that I didn't have much income for the last 3 years as my business was just breaking even. So there wasn't much personal incom...
Gurleen B.
Help/Advice Needed Please: Looking to Open a Business Account & Business Credit Card
Hi there!I am in the process of renting out multiple units and have been advised to make sure all rent goes to a Business Account.My question: What is the best bank to use for a Business Account?I also was advised to ...