Updated over 3 years ago on . Most recent reply
Sharing my recent financing mistakes
Don't make the mistakes i made on a recent deal:
1/ If using HELOC, familiarize yourself with how many business days it takes to move money around. Mine took 10 business days to move money from HELOC to Checking.
2/ Familiarize yourself with the daily wire limits if you need to wire money out of your bank account to another/escrow. Mine (Chase Bank) was only 25K. I need to move to a different account to expand the daily limit.
Hope this helps.
-Justin
1/ If using HELOC, familiarize yourself with how many business days it takes to move money around. Mine took 10 business days to move money from HELOC to Checking.
2/ Familiarize yourself with the daily wire limits if you need to wire money out of your bank account to another/escrow. Mine (Chase Bank) was only 25K. I need to move to a different account to expand the daily limit.
Hope this helps.
-Justin