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 about 8 years ago,

User Stats

14
Posts
1
Votes
Will Carter
  • Investor
  • Burlington, NC
1
Votes |
14
Posts

Structuring my private money...

Will Carter
  • Investor
  • Burlington, NC
Posted

So I'm ready to jump into this real estate stuff...

I have my private financing acquired to get started but am trying to decide how to structure it all.

Most of my private lenders would be fine with a handshake but I'd like to give them a bit more security than that.  Leaning towards 1st and 2nd's on the properties.

But I'd also like the freedom to do what I want with the money on any given property at any given time which then seems like a lines of credit to my LLC would be easiest.

Another but, would the lines of credit to the LLC owning the properties still have the same amount of leveraged asset protection as 1st or 2nds on the properties?

In my particular case I'm looking at 3-5 individuals with investments between 50 and 100k.

Thoughts on securing the money directly to the individual properties or securing them all to my LLC (which would hold all the titles)?

I searched I promise...sorry if I missed it...

Loading replies...