Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Business converted to LLC, suggestions on line of credit
I have several years of experience as a general contractor and investor and this year decided to convert to an LLC. I have properties clear and free in my name personally and wanted suggestions on securing a business line of credit without signing as a guarantee. No problem quit claiming or creating a note from myself to the LLC. I would like the ability to operate without having to get bank loans and or construction loans. Currently, Memphis is a open market but conventional financing methods take a long time and most HML are skeptical about Tennessee. Cash rules and a business line would open up additional opportunities plus I would like to limit my personal liability but willing to put skin in the game via real estate equity. Suggestions would be appreciated.