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All Forum Posts by: Krystal C.

Krystal C. has started 5 posts and replied 14 times.

Creative Real Estate Financing

Post: Should i use a HELOC or home equity loan? please help

Krystal C.
Posted
  • Posts 15
  • Votes 3

@Chris Teti Brilliant! I just requested a connection.

1 Vote
Creative Real Estate Financing

Post: Should i use a HELOC or home equity loan? please help

Krystal C.
Posted
  • Posts 15
  • Votes 3

@Chris Teti Thanks for confirming. Do you mind if we connect privately? I just inherited to properties, mortgage free and I'd like to put each of them in an LLC. I'm curious to know what lenders provide that type of financing and the type of docs needed to secure it.

0 Votes
Creative Real Estate Financing

Post: Should i use a HELOC or home equity loan? please help

Krystal C.
Posted
  • Posts 15
  • Votes 3
Originally posted by @Chris Teti:

@Andrew Yarman Depends on the type of business line of credit, the lender, and the clients situation. 

@Chris Teti - Do you have experience with getting a business line of credit for a multi-member real estate LLC?

0 Votes
Creative Real Estate Financing

Post: Line of Credit for Property in a Multi-Member LLC

Krystal C.
Posted
  • Posts 15
  • Votes 3

Hi! I inherited a property in NYC with no mortgage and I will be putting it in an LLC with my mom and my sister. Once it's in the LLC, how do we get a line of credit? Will a lender need to review our individual credit history/worthiness?

0 Votes