All Forum Posts by: Anais Hawkins

We are working towards a renovation on a property in North Carolina and would like to set up a Business Line of Credit for our LLC. This LLC is 7 months old and we have excellent credit personally. What steps would you recommend in getting a line off credit? Who did you use? What things did you learn, wish you knew , or would advise? Thanks in advance!

 Good to know! That's for the encouragement!!

Thank you so much for the info. Unfortunately we do not own our own home. Will this affect the DSCR? Thank you so much, we'll research further.

@Jonathan Taylor

Hello Jonathan this is amazing thank you so much!

My husband and I want to buy our first investment in January (after taxes)

We are furloughed thanks to covid but we don't want to give up. We now only have 10k in 401k to offer and about 15k in collateral but both of us have very high credit scores. With our circumstances is it possible for us to individually claim a house under FHA so we can get two homes for low rates? We want one to be a flip so we can make our second purchase a buy and hold MFH what would you suggest to get this outcome? We are currently looking into a mortgage broker.

Hello Cindy! Is your husband still in business? If possible we would like more information if he works in Charlotte, Mecklenburg county

@Robi Schreckhise thanks!

I was curious to see if anyone would give up the name of a cherished contractor. I've been told by other investors this is info is ideally kept closer to the chest to prevent long wait times and increased price does to demand.

That answer is like finding the holy grail. I'm looking for the same here in Charlotte. A lot of advice I have gotten is to find it through word of mouth and call the references. I've talked to locals by asking them on Angie's, next door and good ol fashioned Google. At the moment I have my eye on is Langiappe Builders LLC, Philip Thomas, JPA renovations, bonfiglio builders llc, Distinctive build ect. I'll be contacting them in the coming months but they're quite good and experienced and unfortunately that usually means the price goes up. I wish you the best on your search!

@Kevin M Dobyns that's so exciting congrats!

@Steve Maginnis that's a great explanation and I didn't even know that about North Carolina. Thank you so much!  

@Steve Maginnis hello Steve, thank you for the story. There seemed to be a lack of communication between the two tenets and I can imagine that would be frustrating. Out of curiosity, what is considered an immediate emergency as the 80 degree HVAC system was not one?