New Investor from Atlanta

[Quasar Alexander]

Hello BP

I and my Brother are from Texas but now live in Atlanta. We are in Pharma and Food sales. Very successful salesman.

We want to use our Sales experience and recenty new knowledge on real estate investing. 

We have good credit 800 lowest 755 and under 46%utilization.

We are trying to figure out the best way to start and not use up multiple inquiries. Please help us with the best way to use our credit getting started. Down payment money, rehab money (is it better to use hard money? How do we get the down payment and monet to begin rehab? We have read several cool threads but never asked our own question. We are ready but need to know the best way to use our good credit without being locked out of deals for inquiries on credit and too much debt once we start. Do we put all properties under our Inc and personal gaurantee? Should we use credit cards? We even though about aquiring a local home restoration business for $250,000 and starting?? Suggestions? 

Ask away, we are open. We learn very very fast as well. Looking forward to talking with the community. Im watching the youtube channel right now. Love it.

[Kelly Smith]

Lots of good questions and some of the answers will depend on where you want to invest because not all HMLs are the same in all markets. There are perks to good credit and most investors close in their entity (Inc or LLC) with a personal guarantee. There are non-recourse options for HM financing but you won't get as much leverage (aka more cash down from you).