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Updated about 4 years ago,
BRRRR question for experience investors
BRRRR credit question
I’m planning to buy my first rental soon . Here is my dilema I am contractor with 2 years of W9 the company pays me about 10k a year but the company makes about 80k to 100k per year. ( the Remodeling company is mine) company hasn’t build credit yet.
On the personal credit I have between 680 to 700 credit score
How do I go about buying my first rental on hard money and then going to refinance later?. Can the loan be based on what the company makes ? I rather do a personal transacción then open a néw LLC.
Ideas, suggestions, highly appreciated