David Becker
Portfolio loan options?
Hello everyone. This is my first time posting on here but I am a big time fan and have been reading post everyday on here for a few years now. I have a question that I am facing and I figured why not put it out there ...
Rich Vogel
First time meetin with a Commercial Lender
Hi Everyone, So I am meeting with a commercial lender on Friday to talk about a portfolio loan on my 11 properties. I was going to create a packet for each property but didn't know what information a commercial lender...
Zach Adams
Banks are crazy
So today I decided to take a HELOC out on a rental property that is out of state. I called BofA and the lady said no HELOCs on investment properties. No way I thought and asked to speak to someone else. After much ...
Jeni Lu
Loan for a house owned by LLC
Hi! I have a rental house that is owned by an LLC. I was told by one bank that I would have to get a commercial loan because the house is owned by an entity, and not a person. How do commercial mortgage loans compare ...
Stephen S.
Buying with Personal Loan and Transferring to LLC
First time investing in property and have a few questions - Buying townhouse in North Carolina with intention to rent out. My bank does not give mortgage loans through LLC, so rather than getting another bank to do co...
Michael Klinger
Business Banking Cincinnati
Hopefully not too off topic? I'll try to avoid asking "where does a multi-family investor buy a set of toe nail clippers?"But... I need a new bank where I can open up a pile of business cehcking accounts to operate Ci...
Chad Duval
For a cashout refi - Are all LLC expenses incleded in P&L?
Hi all! I have a question about a P&L and a trailing 12 for an apartment building. I currently have a personal loan that I used for a down payment on an apartment building. The apartment building is in an LLC and ...
Account Closed
Creating a corporation and BLOC
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...
Cliff Hudson
Does This Work? Please Help!!!
Hi guys, due to my credit score, most banks will not entertain me. Long story short, I'm able to buy the ABC property without any mortgage with my personal savings to start but of course it'd be wise to use bank's mon...
Clay Manship
Rental Portfolio: How Do I Protect Myself?
HI All-
I am in the midst of closing on my first deal, which will be the first of hopefully many units to be a part of my rental portfolio. However, in the closing of my first unit, I am putting the property ...