David Beeson
Banks for a loan on multi-family units
Lets just say the terms were unworkable. 25% down, an extra policy to cover nopayment by tenants, and they were going to add an extra 1.25 to the rate due to Covid. Anyone else seeing crazy terms like this?
Bud Gaffney
Banks/Lenders that do HELOC's on Investment Properties?
Hi all! Does anyone know of any banks/lenders that are doing HELOC's on Investment Properties currently? I have called several banks, credit unions and have had no luck. Any insight would be greatly appreciated. Thank...
John O'Brien
Opening Separate Bank/Credit Card Accounts in LLC
I'm looking to set up a separate bank account for my first rental and was wondering if anyone had best practices to share? The property will be in an LLC. Ideally, I would love to set up an ally-type-account to hold t...
Jonathan Bouren
VA Loan NINA? Bank Statement? Is this possible?
Hello, I am looking for a lender than can help me. I want to use my VA loan, but i work overseas mostly as a contractor. I have good income, but it's reported on my taxes as Foreign Earned Income- I have no W2, no 109...
Vasilii Aramilev
Recommendations for the Bank to open LLC Account
Recommendations for the Bank to open LLC Bank Account, I mean bank who can lend you money in the future or maybe any other advise. I use Chase for another business but don't want to put all my eggs in one bucket
Brian Watts
Tips to increase a bank line of credit
Hello BP!
at the end of this year I have a meeting with my bank to discuss increasing an established line of credit for 2021. Current line is valued at 100k but looking to get 200k+ to prepare for the expected tidal...
Greg K.
Negotiating a specialized deal with a major bank
I know it's quite common that when the owner of a property gives you full permission to negotiate on their behalf, you might find yourself in contact with some person, who is in turn, representing the interests of a m...
Rada Vassileva
Are private lenders less strict than the banks?
Hi guys, this is a general question: Are private lenders less strict than the banks in regards to their loan requirements?
Fred Johnson
Letter of Intent regarding banking and transaction references
Why do commercial RE brokers want to see Transaction and banking references when submitting a letter of intent? What exactly are they looking for? Is it necessary? Is there any way around it?
Eduardo Lima
Boarded Houses Owned by the City or Bank
Say a house is boarded up and owned by the city or bank, is the any potential chance of homebuyers ownership or real estate investors ownership/flip? And if so what would be the next steps to take for this investment?