Rafiq Merchant
Need advice on Personal guarantee requirement for Commercial loan
Hi all,I am an RE investor in the Houston area, with two SFR properties and they are both rented out returning decent cash flow per month. Last year I became part of an investment group whose primary goal is to acquir...
Aidan Mulligan
Are banks that loans under $50,000 a myth? Charlotte, NC
I'm looking at properties in the Charlotte, NC area that are less than $70,000. For example, I found a property that is going for $40,000 because the owner moved out of state and doesn't want to look after the propert...
Scott Rawlings
Obtaining financing on a fifth investment property
Anyone have thoughts or contacts on obtaining financing past a 4th investment property.In Lake County IL, no rich relatives.. LOL. Currently have 4 rentals cash flowing $300 - $520 a month. Thanks much Scott
Brandon Paul
Buying in an LLC and bank accounts
Have a LLC and want to buy through it. Do you have to have funds in an business LLC account for the LLC or can you show personal funds and submit to buy in the name of the LLC.
How do you set up your accounts since ...
Travis Campbell
Run rent money through LLC bank account?
Hi all!We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need ...
Marc Dufour
Venmo to collect rent payment?
I wonder if anyone used Venmo to collect rent payment? Is there any fee associated?
Jonathan Buckelew
What's the best way to obtain a loan
Hey All- I'm currently talking with a lender at a large multi-national bank regarding resi properties (2-5 units) and his covenant seems a bit high. As I will be purchasing property through an LLC, the lender stated t...
Megan Hirlehey
Good banks to establish a business account with
Can anyone recommend a good bank in the Pittsburgh Area to open a business checking and savings account with? My personal accounts are with an online bank, but I️ was thinking for a business account it may be better t...
Norma Wallace
A Note Question To This Forum on Why...
I know for a fact from the last Call Report on a bank I have located, that they have $109,000,000 in non-accruals. I also know they have the reserves to cover selling these assets. I made contact, (I thought) with t...
David Stone
Average rates for commercial loan for 12 unit complex
I am looking at purchasing a 12 unit apartment complex for about 250k. 10/12 units are occupied and the units rent for like $450/month. Was curious what the average interest rate would be for this sort of deal. And wh...