Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Jordan Kalk
  • Lender
  • Minneapolis, MN
2
Votes |
5
Posts

Personal or Business Loans for Newbie?

Jordan Kalk
  • Lender
  • Minneapolis, MN
Posted

I am currently in the process of starting my real estate journey, in efforts to become financially free. I am starting out by obtaining a base knowledge in real estate (books, webinars, podcasts), getting a feel for the market (Dayton, Ohio), and creating an execution plan. One of my questions for starting out would be: Is it better/easier to start out by purchasing the first few properties on a personal loan, or to start a business entity like an LLC and get loans that way? At the moment, I barely have enough cash for a downpayment on a first unit.

Any advice is much appreciated!

Loading replies...