James Merritt
Managing finances for multiple STRs (how to run a business?)
Right now were 3 STRs and looking to getting more. This is what I'm wondering. Right now each property has a bank account set up for it where the mortgage comes out of. 2 of the three have the utilities and expenses c...
Kevin Douglas
Lenders for a $45k loan?
I just ratified a contract on a SF for $54k and I wanted to finance but a lot of places don't finance such small loans. Anyone have a good lender for such small loans?
Samuel S.
Recourse vs. Nonrecourse
So say the only asset my LLC owns is just a single property, which was paid for in cash worth 100k. So I have 100% equity in the eyes of the lender. When I go to do a cash out refi for my next investment property, w...
Daniel Gonzalez
Closing on my first deal and I have a couple questions.
Hi All,I will be closing on my first deal in the coming weeks. I'm closing on a duplex in NJ which I intend to househack. From everything I've read and heard, having the proper systems set up when first starting out i...
Kahren Aydinyan
Tulsa Banks Seasoning Period for Cash Out Refinance
Hi everyone, we're looking at some properties in Tulsa to BRRRR, and wondering which banks have the shortest seasoning period for cash-out refinance. Are most 6-12 months?Thanks!
Aaron Montague
Are there any banks writing Home Equity Lines/Loans on non-OO Multis?
Are there any banks writing Home Equity Lines/Loans on non-OO Multis?
Has anyone had any luck with banks/whatever lending at rates at 6% or below on their multi family properties? I've had no luck with 15 or...
Dave Fellow
Horrible Solo 401k Experience with Titan Bank
Hello,I attempted to open a Solo 401K account with Titan Bank and encountered extreme incompetence. After submitting my application and all required documents, I received no response or confirmation from Titan Bank. ...
Malena Otero
Finance with LLC or conventional using my name?
Currently, my husband and I own a few investments houses and always looking for the next deal to buy and hold. Currently, I have a good paying W2 job and we have an LLC that we've used on one of our properties. I've...
Account Closed
LLC, Tax Benefits, Rentals
Hello BP!
I have a question about using an LLC. Seeing as it is more difficult to get financing for rentals using an LLC when starting out, would it be an option to purchase a property in my personal name, then sell ...
Gabriel Novotny
Managing Rental Income
Just curious as to how other folks are managing the rental income once its deposited into your bank account. For instance, are you transferring the "real cash flow" to a your everyday checking account and leaving all...