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.
Mortgage Brokers & Lenders
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 over 1 year ago on . Most recent reply

User Stats

1
Posts
0
Votes
Christopher J Fiorenza
  • Accountant
  • New York, NY
0
Votes |
1
Posts

Bankruptcy affects on breaking into real estate investing

Christopher J Fiorenza
  • Accountant
  • New York, NY
Posted

I had to declare chapter 11 bankruptcy a few years ago due to large medical bills. It's been discharged for a few years now and I currently have a W-2 job making more than I've ever had before, well over six figures. I am an accountant working for a real estate syndication based out of New York City. Anyway, since working in real estate development & property management, I've been wanting to start investing. I've been reading books, listening to podcasts, leveraging work to build on my knowledge base. My question is how do I break into real estate, secure financing, and start off by house hacking? I live in New Jersey, and have a long term girlfriend who makes even more than me. We have probably $125K that we could access for investing. She has great credit but I don't want to ask her to take on all the risk. I've opened an C-Corp LLC with both of us as 50/50 owners. Can I use this LLC as a financing vehicle for investing? Any help or advice would be appreciate!

Loading replies...