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Updated over 8 years ago, 05/13/2016

User Stats

3
Posts
0
Votes
Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
0
Votes |
3
Posts

Operating Capital

Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hello All,

My business partner and I both own several rental units. We're in the process of forming an LLC or LLP to acquire, renovate and develop properties. We have access to deal financing.

We are seeking operating capital, or seed capital that can be used for a small operating budget.  

I would like suggestions for securing operating capital.  We have good credit and some assets however; we are seeking unsecured debt.

Thanks All

Kina Lane

User Stats

35
Posts
19
Votes
Matt Swearingen
  • Georgetown, PA
19
Votes |
35
Posts
Matt Swearingen
  • Georgetown, PA
Replied

You will pay much higher rates for unsecured debt. It would be cheaper to get a HELOC on one or more of your rental units.

User Stats

43
Posts
5
Votes
Steuart Wright
  • Investor
  • Philadelphia, PA
5
Votes |
43
Posts
Steuart Wright
  • Investor
  • Philadelphia, PA
Replied

If you don't mind sharing, do you know how your operating budget will be structured?

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User Stats

3
Posts
0
Votes
Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
0
Votes |
3
Posts
Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
Replied

Hello Steuart

This question is from more than a year ago. My circumstances are complete different now.

What do you mean by how willthe operating budget will be structured??? Are you asking about incorporation? 

User Stats

1
Posts
0
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Nelson Alex
  • Investor
  • Little Rock, AR
0
Votes |
1
Posts
Nelson Alex
  • Investor
  • Little Rock, AR
Replied

I have some good investors that are interested in any lucrative project.

User Stats

3
Posts
0
Votes
Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
0
Votes |
3
Posts
Kina Lane
  • Rental Property Investor
  • Los Angeles, CA
Replied

Hi Nelson,

Kindly reach out to me at kina at kinalane dot com