Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Private Lending & Conventional Mortgage Advice
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 10 years ago,

User Stats

1
Posts
0
Votes
Eduardo Nuri
  • Santiago del Estero, Santiago del Estero
0
Votes |
1
Posts

Lending with my LLC?

Eduardo Nuri
  • Santiago del Estero, Santiago del Estero
Posted

first of all, this is my first post, i am from argentina, after looking many ways to where to invest my money, i think the only one that i felt confident was purchasing a property in USA

i purchased 2 apartments in Miami 2 years ago (115k usd total in that time), in the bottom of prices i think, now they worth 20% more, plus the rent (with a few extra costs, fixes and had to fire a tenant due non payment and pay sheriff stuffs).

the process that we do for non united states residents is form a LLC and purchase the properties as a LLC, we paid some extras at the end of year for renew it but its ok.

the overall experience was good.

but after reading and reading and reading, i became to this great forum, and figured out that could have been even better.

i could had purchase a multifamily property, a big one of 400k usd and do a 25% downtime payment with that 100k that i invested. but i think that i couldn't did that because i don't have credit score or history as foreigner. 

now, if i want to get another property, i have a 2 years formed LLC, with 2 properties that worth around 140k for put in warranty i think, can i lend my next purchase?

do you think it worth it?, you can have many lends as you want, or depends on your score or history of payment.

thanks for reading and for your time i learned a lot from this blog and community :)

Loading replies...