Terrell Boyd
How to get line of credit with no business income and no credit?
Hi,I'm curious about ways to get a property for a new business I started. The business doesn't have any revenue as of yet since it just started. I also don't want to use my personal credit at all. How can I get proper...
Samuel Phifer
Tallahassee Local Banks for LLC's
Hey BPers, I've recently setup my LLC in preparation for buying RE Investments and am in need of a good local bank. I've been using Ally for my personal accounts which has been fantastic for Saving, Checking, and Mobi...
McKay Moore
Rent Collection Tool
I'm looking for a more convenient way to collect rent that will accept cash. My tenants (less than 5 units) usually pay with a money order in person, but I'd like to have another option that also doesn't require a ban...
Arron Paulino
Funding LLC Starting Out
This seems like a very newbie question. How do you begin funding an LLC? Do I go into my local bank and let them know that I am looking to open a business checking and/or savings account under my LLC? Once in, do I ne...
Alpesh Parmar
Need HELOC for a property under LLC
Hope everyone is staying indoors and healthy!
I acquired a property couple years ago and did a BRRRR on it. I put in total $70K and it's worth $100K now. I bought it under my LLC and I have been thinking of refinanci...
Adrianna Pisano
Financing/ Banking Questions
My partner and I are eager to purchase our first multifamily rental property. We created an LLC and are currently exploring potential lenders. However, we are facing a dilemma regarding the financing options. On paper...
Hillary Klumpp
HELOC Guidance Needed
Hello BP team,
I’m going to utilize a HELOC from my personal residence to fund investment properties. Can someone please provide advice as to where I should start my search for an institution to provide my HELOC? I...
Andrew Tozzi
Newbie Account Setup and Receiving Payments
Hello All,
I am a first time real estate investor that is looking for information on best practices for setting up a checking account and arranging payments from tenants to be received on mobile apps.
For more det...
TJ Woolum
My Story So Far (And A Couple Banking Questions)
Hello fellow investors,I want to give a quick overview of my real estate investing story so far and then get into a couple questions regarding banking and financing. I've always had an interest in real estate investi...
Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...