Financing and Credit

I am reading my new heros books! But as a leagal here in the US and about to get the rest of my papers. I therefor wonder what bank to choose. For both me personal, and later on for my business. I read that it was smart to use the same bank as you already have established a relationship with.

Based on webpages and ease of use, I have two chose:
1.Bank of America
2.US Bank.

What would you have chose and why? What is your experience with these banks?

These loans won't help investors with purchases but they can help the investor get a qualified buyer. The US Department of Agriculture (USDA) has a rural development home loan program for low income buyers in cities under 20,000 in population. The loans require little to no down payment, except closing costs, and offer long term fixed rates-currently 4%.

I am new to this network, and real estate altogether. I am wondering how to "pull" equity from a property. I am almost done reading Dean's newest book, and he speaks of it several times, however I still cannot grasp how this is accumulated and/or gained. One instance that sticks in my mind is when he states that he bought a property for 60K, refinanced it at 193K, puts 30K into it, and puts about 100K in the bank? How does this all happen? I'm just wondering where all of the money is going, and how. Any input on the subject of home equity is appreciated. Thanks!

Hi Everyone!

Thank you for this forum. I have been reading everything that I have time for. Very good stuff here.

I am new at investing in properties. Would like to buy and hold rental properties. I have a lot of experience in general real estate. I know a lot of realtors personally. Have great credit, and decent equity in my personal home now.

just getting started.read books and want to move forward.looking for partners in salem /portland area. call at 503-991-5819 or email at dsrat03@****. hope to hear from someone soon.

I need to find a home for this loan ASAP. Escrow is opened. Here is the scenario:

PURCHASE
SFR
SECOND TIME BUYER
MIDDLE FICOS ARE
783 And 711
TWO BORROWERS
LOAN AMOUNT 279,000
90% LTV
SUBJECT PROPERTY IS IN SAN PEDRO, CALIFORNIA

Seeking investor or lender to fund this deal.

Seasoned trade lines is a way to boost your personal on business credit. There are companies out there that will attach a trade line with good credit history to you personally or to your business which will automaticly boost your credit score. These company charge a fee to do this but I know it does work. I have a friend that started a LLC and paid a company to boost his credit with trade lines and within a matter of a month he had 80,000 in credit with his business in unsecured lines of credit.

Has anyone used a business credit building program/course like this one?

http://www.CashNow130.com

The promise is that you can establish between $100K and $300K in lines of business credit within 45 days.

The outlay for this program is fairly significant ($1500) - so I'm wondering if anyone has used this program, or one like it - and I want to know what you think.

Thanks in advance for your help.

steve

I was wondering if anyone knew of where I can look to find HML's and/or other Investors in Missouri area I am new at this I am just finishing the book Be a Real Estate Millionaire, and will be starting in the Success Academy next week. I can't wait to get Dean's new Book. But was wanting more information.

Thanks for your help

Courage is not the absence of fear, but rather the judgment that something else is more important than fear. - Ambrose Redmoon

You have 40k tied up in a property with about 80k in equity. Do you refi for more and pull out your 40k, or keep your current mortgage and do an HELOC for 40k?