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All Forum Posts by: BG Stumberg

BG Stumberg has started 0 posts and replied 6 times.

Post: BPCON2021 - New Orleans!!! Have You Registered Yet?

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

New Orleans has been hit hard by Ida. Katrina disabled New Orleans for months 15 years ago. This is a catagory 4 storm, Katrina was a catagory 3. How is it looking for the conference? I have seen videos of the storm surge and it has been monstrous. How do we find out if the conference is still on? Are you guys going to post to a certian part of the site for updates and news?

Post: New purchase like to do a cash out refi

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

Hi again. Madison Valley Bank is a seperate bank from Valley bank or the Glacier Banking System. I do not really care for Valley Bank but that is just me. Check out their locations here: 

https://www.madisonvalleybank.com/Locations/Branch-Locations

Post: New purchase like to do a cash out refi

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

Hi Shaun, Where are you in Montana? I use Madison Valley Bank. They have 5-Branches, Boulder, Ennis, Bozeman, Montana City, and I cannot remember the fifth location. They do all my stuff in house so there is no seasoning period. Interest rates are a little higher but worth it in my book as they are very easy to work with. They hold all my stuff in house and consequently they allow me to do all I want. They do not limit me to 10 loans as does Fanny Mae or the secondary market. I have 10 plus year relationship with them. No better time than now to start that relationship for u. There are other small local banks that will work with u as well, just look around. In Helena where I am Bank of The Rockies, Opportunity Bank, First Community, First Security are capable of doing some of the same kind of thing. Hope this helps.

Post: New purchase like to do a cash out refi

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

Hi Shaun, Where are you in Montana? I use Madison Valley Bank. They have 5-Branches, Boulder, Ennis, Bozeman, Montana City, and I cannot remember the fifth location. They do all my stuff in house so there is no seasoning period. Interest rates are a little higher but worth it in my book as they are very easy to work with. They hold all my stuff in house and consequently they allow me to do all I want. They do not limit me to 10 loans as does Fanny Mae or the secondary market. I have 10 plus year relationship with them. No better time than now to start that relationship for u. There are other small local banks that will work with u as well, just look around. In Helena where I am Bank of The Rockies, Opportunity Bank, First Community, First Security are capable of doing some of the same kind of thing. Hope this helps.

Post: Opening a HELOC on an Out-of-State Property

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

I am from Helena. I use Montana City Bank. Ask for Jake Combs and see if he can help you. Great guy, great banker. Toni Lake at Chicago Title does closings for me even when I am at of town but I have an ongoing relationship with them. Hope this helps.

Post: Connections in Montana

BG Stumberg
Posted
  • Investor
  • Helena, MT
  • Posts 6
  • Votes 3

Hi all from Montana.n I am new to bigger pockets and it looks like a great group of people. I have been wanting to connect with some other investors in the area it seems almost impossible to get together. Shaun if I read this right you are from Helena and I would love to have a cup of coffee with you sometime. Patrick you welcomed me in and I would love to get together with you sometime if you're in the Helena area. Maybe we could all start an investor REI group here. I hope this thread of Montana investors continues.