New member with a couple questions

[Cortez Dameron]

I’m interested in real estate investing. I’m wondering should I go into it with my name and personal credit to get financing, or get a business license and seek financing through my e.i.n ? Thanks for any feedback I appreciate it! I live in San Francisco Bay Area ,looking to invest out of region.

[Michael Volek]

@Cortez Dameron, most people get their start using their own name and credit. Banks will be looking at your own credit score and history to determine you are eligible for a loan. If you are paying all cash, then there's no need. However, the same applies for your business. To get a business loan, you will have to establish business credit, much like your own personal credit. If you set up an LLC with a business bank account, for example, your lawyer/bank/CPA will most likely be the best source of information moving forward. I, however, am neither of these.