All Forum Posts by: Chandra Whittaker

@Bart H. I would love for my husband to be all the way in, however he is not and I totally agree with you, however, it's my dream not his and maybe after he sees me be successful he will want to join in, but I don't think he believes I am capable of of being successful in real estate. It will be a lonely journey, I hope and pray that God will bless us with the alignment that you and your wife have. I have done other business transactions without him and we have reaped the reward and benefits, this will the biggest thing I have ever had to do and of course the are a billion other factors

@Jerry W. Thank u so much Jerry. I really needed to hear that!! Me being a woman, I really have no desire to do it alone, but he believes in the work harder not smarter philosophy. He told me to get another job & then he would sign. I already teach High School Architecture & have to small kids. So that is not happening because I am really trying to focus on this business. But thanks Jerry. I really appreciate your words of wisdom & I will look for those topics.

I would love for my husband to be all the way in, however he is not and I totally agree with you, however, it's my dream not his and maybe after he sees me be successful he will want to join in, but I don't think he believes I am capable of of being successful in real estate. It will be a lonely journey, I hope and pray that God will bless us with the alignment that you and your wife have. I have done other business transactions without him and we have reaped the reward and benefits, this will the biggest thing I have ever had to do and of course the are a billion other factors. 

@Dan Maciejewski Not yet, but I will try again this evening.

@Chris Mason would you s-corp it or no?

@Maurice D. I don't know if I can.

Ok, so I have a house I owned before we got married which was inherited from my grandparents, the house I grew up in. I still have my Homestead on it. We were married last year & he didn't want to stay there. I have finally gotten in a emotional state to rehab & rent. I am scheduled to close on HELOC Friday now he says he is not going to sign simply as a non borrowing spouse. I was also going to use the funds in the HELOC to purchase my next rental. Texas it is a community property state & the bank is requiring him to sign. I spoke to my real estate lawyer today. He suggested since I own a s-corp prior to us being married, deed it to the s-corp, but then I loose my Homestead & my HELOC loan & would have to resort to a hard money loan of 10% instead of 5%. What should I do & I no longer have the leverage of being able to buy my next property either because of closing cost.