Kevin Sabatino
CAN BANKS FREEZE OR CALL IN MY HELOC????
Hello Everyone! I purposely opened this Heloc to be in a position to capitalize on the potential opportunity, so the thought that the banks might be able to call back or freeze my line of equity scares me. Any insight...
Mark Jurgiel
Opening a bank account for a rental property
I have a 2 unit rental property that's under my name and currently I deposit the rent and pay all the expenses from my personal bank account. Is it worth me opening a business checking and savings account for just a 2...
Joe Shields
Orange County California Local Banks, Credit Unions, Lenders
A family member of mine is looking to purchase his first home in the Orange County California area. He is looking to shop around for mortgage rates and I told him I'd reach out to the Bigger Pockets community. I have ...
Christopher Forero
Banking structure for first property 3 Unit building.
Been reviewing others posts and watching some videos. For now not getting involved in an LLC, but want to act like one for now. Will be house hacking basement and have 2 rented units. Want to act as though I am a tena...
Chaitanya Laxminarayan
Banks offering HELOC on investment properties in Texas
Given the downturn due to Covid-19, I want to get a HELOC in case I need the money to tide me over. I called BoA who said most banks only offer HELOCs on primary and vacation homes. My property is in Texas. Thanks.
Steeve Breton
Should I go with Creative Financing vs. Bank?
Hi All,I may be looking at my first Creative Financing deal. I have an offer accepted in the Boston area for a Mixed Use 4 unit building. I have a couple of commercial lenders willing to work with me. Alternatively,...
John Zuch
Likeliness of Banks to call a Loan Due.....
I'm trying to determine whether a lease option would be a better way to purchase (control) a particular property than buying sub-to. So the question is: I know either could technically lead to the bank calling the lo...
Brandon Schlichter
Cash-out refi strategy? (1st bank denied me).
I currently hold two rental properties. One is in the final stages of being rehabbed and the other is done, waiting to be filled by a tenant.
I just applied for a refinance mortgage for the two properties and ...
Sam Leon
Bank countered on my SS offer, now what?
This is my second short sale, first one the bank accepted, so this is the first time I am in this situation.
South Florida, single family 2 bed 1 bath home, in fair condition, everything works, no major work ...
Hieu Ngo
Asking tenant for bank acct info in application
Is it necessary to have applicants bank acct info? With the risk of identity theft it seems another unnecessary risky info to keep on file.