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Updated over 6 years ago,
New Investor Looking to Pull the Trigger & Buy Multi-Families
I'm a New Investor. I have been a Real Estate Agent for 2 years and I love it! I have also been a Supplemental Teacher at a public school district for 18 years. I have decided to make a change. My goal is to retire early from teaching. I am looking into drawing all of my money out out of my pension and rolling it over into purchasing multi-family properties. My plan is to replace my income of 100k per year over the next 5 years in multiple ways: as an investor and real estate investor agent.
I signed up to Bigger Pockets' free membership after I purchased a single family rental in Trenton. It wasn't until afterwards that I realized that getting a multi-family was the way to go. I have a consistent positive cash flow from it. However, I am looking to build wealth with multi-families rentals. A partner and I have started an LLC and we would like to know how to purchase multi-families under a newly formed LLC. How do you borrow money under a LLC? Can someone recommend lenders for LLCs?