All Forum Posts by: Sergio B.

They will give you 70% of the market value. There was no mention of appraisal cost , so either they pay for it or they use an internal tool to determine the value of the property.

I already have my 1st investment property under an LLC owned by me and my wife, the property was purchased cash a few months ago. Is fully rehabbed and rented now with a nice cash flow.

My bank (BBT) initially told us months ago they'll be able to give us an HELOC for an LLC, however once we went this week to actually do it, now they say they only can do it under our personal property , they wont do one for an investment property under an LLC.

Bummer...after asking a few banks with no luck.....more negative karma...then I went today to Wells Fargo ( thanks BP for the tip!!) and spoke with a Business Banking Specialist , and they say YES we do it.....bring your business here! It will have to have a personal guarantee , but we do it!!! so if you need one reach out to Wells Fargo ( no, I am not a robot writing and ad for them) .

Will be bringing ALL the paperwork needed ( just my two last income taxes) at the end of this week to apply for the loan. Doesn't get any easier...tune in , I will be updating soon

Tile the whole apartment and you will never had to think in flooring again....Home Depot has very affordable price for materials, you just need to get a installer ( not from HD, they are expensive) Vynil won't last long either

the riskier the investment the higher the return....either in Miami or Nepal those who risked more either made good money or lost the bet . The State is just another player not only in the real state market but in all markets. Over-regulation or Deregulation are extremes , same as trying to make the State paying for your losses.

Mark, I also will be interested in a SFL Investment group, or maybe a BP South Florida chapter! It will be a great way to network with local people

South Fl is usually consider West Palm Beach, Broward and Miami Dade county....not sure about Monroe Country ( where the FL Keys are).

Nice meeting you Russell, Miami here!!

Welcom Andrea!! BP is a great networking and learning tool !!

Send me a private message and I can help you in what i can.

Welcome Guillermo! nice to see another Peruvian ! Here in Miami you can find a lot of properties being sold to foreign investors....finance is possible banks are asking for around 30 to 40 % down payment.

the FED announced they won't scale back their bond buying program....why is it going up? are lenders jumping the gun? might go down again as William Brace says ( hopefully...)