George Pan
Bank will not give me enough. Now what?
Hello,
I own a 2-family I bought as owner occupied.
Market value around $225k, I owe $179k.
I tried to get a loan for another 2-family as owner occupied. One bank wouldn't even talk to me unless I bough...
James Stewart
Solo 401K checkbook - Local bank vs Fidelity brokerage
I'm in the process of rolling over my existing 401k from an old employer into a new solo 401k through sense financial. The solo 401k trust is paid for and created but I need to complete the rollover. I have the option...
Bhai Shah
Bank/Lender recommendation for Multi family Investment Property
Hello BP members,I am excited about offer getting accepted on our first MF Investment property in South TX market. Now comes the hard part, I am looking for a commercial loan with 20% down and 25-30 year term with 5% ...
Leunam Segura
Looking for investor friendly banks in the Bronx
Hi BP,My name is Leunam, and i'm new to investing. I'm currently beginning the pre approval process. My goal is to buy a 2-4 family home in the Bronx using an Fha loan or a 203k loan. I am currently looking for invest...
Francis A.
Tenants depositing rent checks directly at the bank
Does anyone have their tenants pay rent using a pre filled out deposit slip at the the bank? Exposing the account number is the number one red flag. In this regard, thelocal branch manager suggested setting up a separ...
Wen Guo
Bank account got frozen and cannot pay rent?!
Dear BP people I'll need your help on this-
I just purchased a rental, the tenant came with it. He works in hospital as nurse and seems to be a nice guy, he does has a bankruptcy history (home got foreclosed a few yea...
Astrid Dymond
Looking for a bank to support BRRR strategy
Hello,I am looking for a (local) bank to support the BRRR strategy. My business partners and I purchased and rehabbed a rental using cash. We now want to refinance it and need a bank that accepts the fact that the t...
Nich J.
Bank accounts and credit cards for multiple properties
How do other investors organize banking transactions with multiple properties (single family, duplexes, 3/4 units)? Do you set up separate business checking accounts for each property or property class or do you run ...
Micah Harris
What did the bank pay for that note?
When a bank buys a note from another lending company, how do we find out how much it was bought for?
Virginia H.
HELP! Bank won't loan unless move-in ready
I have come across what may be a fantastic opportunity for a flip ( **I HAVE NOT YET LOOKED AT THE HOME SO I AM NOT CERTAIN ** ) ... purchase price and rehab costs come in around 66% of resale value and the average ti...