Approaching banks in early stages
I'm looking to dive into real estate in the next couple months, probably via fix and flips. My starting liquid funds are about 100k cash, 150k HELOC, and 250k in a self directed IRA. I'd like to form a partnership with a local bank and will begin the search process soon. I'm not really sure if these are great questions but what are banks going to be looking for out of me? How much money can I expect to be able to borrow? Are there any creative but legal ways to use my personal funds and the SDIRA on the same projects? What sorts of loan products are available to me? Am I an attractive borrower (I have great credit and only debt is home)? Should I already have an LLC set up when I approach banks to look like I'm better prepared? So many questions with regards to most effective use of debt to scale quickly.