Ryan Miller
What do you recommend on bank accounts?
I currently have one rental property so obviously it's been easy to manage the financials. I only have one account. However I came across some money and I'm about to really grow my portfolio. My lender doesn't escrow ...
Loc R.
Banks won't lend to Land Trusts anymore?
So, I just went into a purchase agreement on a 4-plex. For those of you that have followed my posts, yes, this is the one with the large lady. However, I have run into a new problem.
The issue is that I want to tak...
Stephen Barnabei
Bank that will lend HELOC on triplex
Does anyone know any credit unions or small local banks that will do a HELOC on a owner occupied triplex in PA(Philly suburbs)? I just called NFCU and they won’t on any property larger than a duplex.
Timothy Jacobson
Obtaining Financing through a bank or Lender
Good evening all. We are Connecticut investors in the business of buying mulit-family residential properties (2-4), rehabbing and renting them or just simply flipping. I am curious, from a bank/lenders viewpoint, wha...
Stanley E.
2-4 Unit Misconceptions With the Banks
In the last 2 weeks I have spoken with three banks and they all tell me that 2-4 unit multifamily properties are commercial real estate. Every REI book I read say 5 unit multifamily and up is commercial. Why is there ...
ROBERT Richards
Bank says i have too many mortgages
I was writing to ask your advice. I sold one home this year and i am trying to releive some of that tax burden by buying a 4 plex with less than 90 days to go. I am being told i have too many mortgages, 12. I have a g...
Phil S.
Are the banks still holding onto foreclosures?
What do you guys think about banks still holding onto some REO's? I think here in Chicago that this is true as well as a few other investors in my area. Looking for an overall view of the situation though from around...
Joe Splitrock
Do banks want to profit from foreclosures?
I am looking at investing in a bank owned property. It was last sold two years ago for around $150K and they were trying to sell it for $185K. The house is beat up and the appliances are all gone including the dishwas...
Aundrea Newbern
Local community bank immediately told me no
I have been investing in single and small multi families for the past 18 months. I have 4 properties (8 doors) at this time and my track record with getting rent on time and raising rents has been excellent. I reached...
Nicole Heasley Beitenman
Will the bank go for this arrangement?
I'm trying to get a 6-unit apartment complex. I can't technically afford the down payment. I'd like to get the sellers to finance the down payment. I have some money sitting in my account that I received from a HELOC ...