Ashley Pimsner
The Portfolio loan myth
Hello BP nation, I just got a great 3 flat in Chicago under contract built in 2008 and fully occupied throwing off almost 2k a month cash (DCR>2) flow after PITI based on a 20 year am fixed at 4.625 with a 25% DP f...
Jeremy H.
Bank Accounts - How do you organize them?
How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...
Leigh Ann Smith
Wells Fargo Businessline Line of Credit
We have a business unrelated to real estate that is a sole proprietorship (no LLC). An offer came in the mail from Wells Fargo saying that our business is pre-qualified for a BusinessLine line of credit of up to $100...
Christopher Gee
Bank Account for Multi-member LLC
Hi all, my partners and I are in an LLC together, and we're trying to set up a new business bank account. We'd love it if all of our names are on the account. We've run into a problem though:
Most brick and mortar (C...
Esteban Cardenas
What address should be used?
I have a question as to what address should be used for operating our real estate business. We live in Idaho and have a home office while our new entity was created in Michigan. Our entity will be holding rental prop...
Dave Hurt
Charlotte Local Bank Recommendations
Hello All, I was wondering if any fellow Charlotte, NC investors recommend a small local bank that is bullish on real estate? I use big banks (Wells and BofA) for my other businesses, but I want to start building a r...
Corey Davis
Silent partner for credit purposes?
An associate says he added a partner into his LLC because she had a nearly perfect credit score, and became guaranteer on business loans and commercial real estate, effectively making it super easy for him to achie...
Brandon Ingegneri
Business Entity Credit Score
I have several LLC's, and honestly do not know if a business ever establishes a credit score, or if you simply continue expanding the relationships that you forge and build over time with the smaller banks that you do...
David Mathews
Switching to Tenant Depositing Rent
Hello. Needing help on how to notify tenants of a change in policy. I have 2 active rentals and rehabbing my 3rd so I'm still pretty small time. With that said, I do intend to scale up while managing the properties my...
Tal P.
Mortgage under LLC
Hi,I'm looking for banks/credit unions/Mortgage brokers that can help me to get a mortgage under LLC.I'm planing to buy few properties around Boston (MA) and i'm trying to figure out how to levrage my money and take m...