All Forum Posts by: Chris Weiler

How long have you had the SFR's? Do they cash flow? Do you have a few years of tax returns showing showing the profits from cash flow? If so, I would look for a portfolio lender at a local small bank or credit union.

Toni, are you holding or flipping? If you are holding, I would recommend getting a Texas LLC. If someone else is managing your holds, you may not need to foreign qualify it for Cali (since you live there). An LLC, will allow to take better advantage of depreciation and other benefits. If you are flipping properties and less than 50% of your flips are in Texas, then I believe you will not need to foreign qualify your S-corp in Texas. As always, it's best to talk to a good CPA and lawyer.

Chis G- In Cali you can lend up to 10% per annum as an individual. To go higher you will need a lenders license or a brokers license. You can go through the dept of corp or the DRE. This will only allow you to lend in Cali. Each state will have it's own laws regarding lending.

I think you need to expand on what you mean by "investing in Texas". You may need to foreign qualify in Texas if you are an active participant in your Texas investments. If your business is just investing in someone else's activities, it maybe considered passive investing and therefore you may not need to foreign qualify.