All Forum Posts by: Debra Webb

Thank you for responding!

I’m reaching out for some guidance on securing funding for my next real estate venture I don't have any capital to start with. I'm aiming to obtain around $100,000 to $150,000 to get my foot in the door.

I come with a solid credit profile, boasting a score of 786 with Experian and 773 with Equifax. I have previously completed a fix-and-flip project, which, despite a few challenges, was successfully sold within 30 days of listing on the MLS. Additionally, I have an LLC established and currently hold a business credit card with a limit of $15,000, as well as two personal cards for $4,000 and 3500.

I have before and after pictures of my fix and flip, if needed.

Any advice or insights on potential funding sources or strategies would be greatly appreciated!

Thank you for your time.

I don't own a property, I have no capital. I was thinking about going to my bank to see what options they can provide me. I actually did a fix and flip for an old friend, unfortunately we went over budget due to bad contractor's. That's  another story for another time.

 Thank you for your feedback!

I'm looking for some serious advice on how I can get financing. I'm 24, credit score 772, I have a LLC that not even a year old. I have 3 credit cards, Capital One $3500, Chase $2000 and my business credit card with Navy Federal $15,000 (PG). I want to purchase a property as a buy and hold. I'm not sure how to go about this, I wonder if I can even get funding. Any suggestions will be helpful. TIA

Hi BP family!

If I go for a business line of credit or loan under my 2 member LLC, would they look at both members personal credit file?

This is very interesting to me. I'm actually considering partnering up with a contractor that did work on a buddy of mine fix and flip. My situation is I have no capital, so I'm looking for someone to invest the downpayment, closing cost, holding cost, taxes, materials and insurance (did I miss anything?) It will go under my llc, I will be using a HML, so what I'm thinking is give him 10% return on his money once the home is sold. He is already going to get paid for the work that he does as a contractor. Does this make sense?