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 5 years ago, 07/24/2019

User Stats

12
Posts
2
Votes
Glenn Pelt
  • Investor
  • Pawcatuck, CT
2
Votes |
12
Posts

Aged Shelf Coorporation with line of credit already attached..Please Help!

Glenn Pelt
  • Investor
  • Pawcatuck, CT
Posted

Hi Everyone, first time poster here in the BP forum, I'm a newer member and investor and love the info on this website. Anyway here is my question. I have been approached by a company that claims to be able to sell me an 5-year aged shelf corporation from California with a 500K unsecured line already open and attached. The cost is 6K...I have read up on the topic and there is a lot of fraud warnings etc from people who are skeptical about it. I know there are a lot of companies that offer these corps with the claim that you will be able to get credit in the future but what about this deal where there is already a line attached to it? Any advice or input would be helpful.

Loading replies...