Sandeep Singh
Finding Difficult to close Bank Owned Property
Hi All,I have signed a purchase and sales agreement for Bank Owned property and my rate with bank is locked and got expired on 10/16/2015.For extending the locking rate mortgage company is asking $140 for week and I a...
Danny Cerecedes
Lending and community banks around Los Angeles
Hey BP if anyone has some good direction or recommendations for community banks around LA specifically close to Glendale that I can begin building relationships with I would really appreciate it. Also any good Hard Mo...
Dave Roberts
HELOC and Conventional Loans from same bank?
Greetings,
Do any of you have a HELOC with the same bank that you obtain conventional or commercial loans from? My example would be drawing from the HELOC to pay cash-in-full for a house (buy and hold), then refi to ...
Melissa Searing
How Does a Bank Verify "Landlord Experience"?
Hi BP!I would like to get financing for a small multi-unit property. I have read that, in order for the bank to utilize any of the rental income from the property, I would have to have "landlord experience". I am wond...
Bradford Myatt
Bank Deposit Travel Deduction for Two Businesses
I currently own or manage two different real estate LLC's. When I travel to the bank to deposit rents each month I deposit all the rents at the same time. Am I able to take the travel deduction for both businesses e...
Mike Wiesenhart
Property LLC and parent company bank accounts
I have my investment townhouse in an LLC. I also have a parent company that owns that LLC. I have a bank account for the property LLC right now and want to open a bank account for the parent company. I don't want to r...
Claudia Fernandez
Tax Appeal on Bank owned Properties NJ
I am looking to appeal taxes on a bank owned property I purchased in the end of October. I've heard its very hard to be successful when its a bank owned property. Anyone have advice or tips on a successful appeal in N...
Aries Li
vacant house owned by bank or trust
I am looking into a couple of vacant houses in Sacramento. It turns out one is owned by a bank, the other is owned by a solo 401k trust. For the first one, I am afraid I can do nothing but wait for its listing on mark...
Scott W.
Commercial bank loan of 6% interest only
Will lend 80% up to $125k purchase price for 6% interest only good up to 12 months; $1000 processing fee and about $400 in misc fees ($100 for appraisal).
For the rehab/holding/closing/BS costs, I will use a ...
Syed Lateef
Commercial Bank Chicago recomendation refinancing cashout equity
Can anyone recommend me any Commercial lenders for the North-side of Chicago? I am looking to refinance my property