All Forum Posts by: Kiley N.

@Bruce Crawford :  Great info. Bruce.  Good to know that their rates are competitive.  Best of luck with the PR!

@Daniel Mills : Thank you for the link. I will definitely look into the bigger banks that may have international capacity and experience. I am not opposed to putting 50% down but would like to leverage my capital to the greatest extent possible. The higher the LTV the better.

Thanks!

@Barry B. : Tough luck on that lender pulling out on your deal, that sounds like someone to avoid altogether. I understand the simplicity of acquiring properties personally but I have specific reasons for using the LLC that have nothing to do with asset protection. I like your advice about speaking to many parties before taking action.

Thank you for sharing your experience, it is not always easy to do but it is very helpful to new investors like myself. 

 No problem, just my lack of experience with these mentions.  Please feel free to PM me as any guidance would be appreciated.  Thanks!

I have been notified that I was mentioned in this thread by @Ryan Murdock but I cant see the post.  Anyone else have this or is it just me?

@Greg Scott : No need for a business line of credit at this point.  That may be something I will look for down the line though once I have established a profitable history.  I am more at the starting point right now.  I haven't been in the game long enough to know what the gurus were talking about 10 years ago.  

Point taken about it being easier to grow things personally.  We generally have all that work history to back us up.  I'm looking for a good way to start that process up through an entity.  

Thanks Greg!

@Upen Patel : So, if I am reading into this correctly, there is no real benefit to being a co-borrower as opposed to a guarantor on the LLC loan. Is this correct?

Thanks Upen!

@Greg Scott : I am specifically concerned with building business credit history for my LLC. I understand there are asset-based lenders with terms approximating a conventional mortgage (plus points and/or higher rates). At this point I am not very much concerned with the LLC for asset protection as I am for establishing business history.

You are absolutely right that I should check with an attorney on this, just thought I'd ask the BP universe as well.  

Appreciate it Greg!

 Hi Ryan,

I would be looking to acquire Japanese properties.  I figured domestic funding wouldn't be an option for this but if domestic funding is available, I would love to learn more!

Does anyone have experience using a Japanese entity (Godo Kaisha) to establish operating history that Japanese lenders/banks would accept?

Specifically, I am considering establishing a company and using startup capital to establish cash flow for 2-3 years before applying for loans from Japanese banks.  

Any guidance would be appreciated.

Thank you!