Credit Score, ROI/COC/Finance

[Cole Eicholtz]

Hello,

We are two firefighters who are getting started in the real estate investing business. While reading several books, we still a had a couple real life practical questions that haven't been answered it and I was wondering if anyone had time to discuss a couple of financial questions. With certain lending options (montage vs conventional vs portfolio) I did see several statements saying only a certain amount of loans are possible at once. When getting prequalified or finalizing deals, how would one protect their individual credit score if applications are being done multiple times? Would using an LLC be more beneficial, although several books did say banks would not loan single family houses to LLC's? Before jumping in, should hard inquiries be as close to zero as possible?

The last question would be if anyone could explain the numbers and general rule of thumb with calculating and generally analyzing cash on cash returns as well as return on interest.I think a couple more examples on this would really be helpful in comparing deals (good vs bad ones) in long and short term.

We hope a conversation is possible, as a real world scenario might be helpful!

Looking forward to meeting new people,

Thank you in advance!

Fred/Cole