All Forum Posts by: Don Draper

I am in the Tampa bay, FL area. I am looking to invest with the BRRRR method. My goal is to create affordable housing for the elderly. I am looking to use an LLC. and I understand that it will take some time to build a strong business credit score, however, my personal credit score is somewhere near 550. How can I get into the game in less than 6 months with a low credit score? Where do I start, what is my real time line? How difficult is it to find a quad or triplex in Tampa that can be house hacked? What areas of Tampa bay are good for purchasing quad or triplexes?

I thought someone would surely say North Temple Terrace around the USF area... Students will rent a converted SFH/ $800 per bedroom

@Matthew Meikle, So even with a sole prop. LLC. and a sub 600 credit score... should I focus on cleaning my personal credit score or getting the LLC. in a place to borrow all on its on?

Should a person revive a past LLC. for longevity sake, since Credit History is such a big deal?

I was hoping to get some insight on improving credit scores. I was under the impression that a bank or lending institution would pull a LLCs. members personal credit if that member controlled more than 25% of the entity.  Now if there are 4 members with 25% control... are any of the members credit pulled? Once the LLc has a duns and Tx ID #, are the members individual credit still being pulled.. or just the Dunns #?

Which builds faster?