Farris Roach III
Large Banks, Local Banks and Credit Unions
Good Afternoon BP! This is Farris from Columbus Oh. My partners and I are zeroing in on our first multi family unit. We are in search for financing with the best terms. I'm sure this question may have been addressed, ...
Ted Manahan
Best Bank / Credit Unions for RE Investing LLCs???
Hello BP-Land!!!I've been marketing and networking like a fiend the while getting my LLC setup, and now that the entity is established my next step is to setup an account with a bank / credit union.Any recommendations...
Cameron Johnson
how to setup a Land Trust?
Can someone guide me on how to set up a Land Trust? I need to know what documents to have and all the expenses needed to get one started.
Account Closed
Financing Farm to Lease
I am having trouble financing a non-owner occupied farm that I plan on leasing. The farm includes one SFH and some manufactured homes. I have 25% for the down payment but cannot find a loan. Any suggestions? Thank ...
Kyle Brodwater
Can someone “gift” you money for a down payment utilizing HML?
Quick question, can I borrow $20k from my mother and have her gift it to me? I would then use that $20k as a down payment for a property utilizing a HML. Basically is there a seasoning period for that money with a HML...
Joe Patera
Cash out refi, HEL or HELOC
Hello BP Community,I'm trying to pull equity out of my Jacksonville FL properties to purchase more props and today a lender turned me down without giving a reason. Would anyone be interested in taking a shot at this o...
Terri Pour-Rastegar
Verifying SSI Income
Hi everyone. I've already got an applicant for my latest rental, even though I'm not done with the rehab work, and there's no sign in the yard. That's a good thing, of course. However, she's the first applicant I'v...
Account Closed
Refinance help for Apartment complex
If I wanted to do a cash-out refi at 70% LTV, how do they value the apt complex? Is it NOI/ Cap Rate? Or do the banks find the valuation a different way?For example: The purchase price of the apartment was $1.7Mil 5 y...
Blake B.
Participating in REI w/out filing 1040
*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pert...
Steve Moore
I have two good faith estimates. Which Loan is better?
I own the property and am going to cash out. I purchased a duplex with a line of credit on my home and will use the money to pay off line of credit. I have two banks (both local) that have given me a good faith estima...