All Forum Posts by: Al Bryant

@Scott Smith I want to thank you for your answer and it's really helpful. Unfortunately due to difference in goals and strategies I am dissolving. This is good to know though and will definitely come in handy soon.

Most of the lending companies I have checked out take you through this process and assumes it's one person and a co-borrower that want to acquire a property.

Are there any lenders that work well with LLCs. I formed an LLC earlier this year with the intent of acquiring rental property and am looking for my lender to start putting in offers.

Great to see the responses here. Hoping I have this problem soon...as I have 0 properties today :-D I'm working on it though.

@Jim Goebel

@Todd Rasmussen

Thanks for the insight. I did actually calculate the loan payback plus interest based on estimated time it takes to complete the renovation. I added this to the holding costs section of the BP calculator. I think that would cover it, correct?

Again the current plan is to use a hard money lender.

Hi I am relatively new to Bigger Pockets and getting serious about Real Estate in general. I am looking for my first deal and started doing analysis using the Fix and Flip calculator. The report specifies ROI and then says 'based on no loans or leverage'. I am not quite sure what that means.

Can someone explain what 'based on no loans or leverage' means? I plan to use a hard money lender.