All Forum Posts by: Leandro Bidal

@Paul Moore thank you! Will check it out!

@Justin Kay thank you so much! Very helpful and will definitely get on that

@Bryan O. Oh but doing it that way (like a personal loan) on my first 10 properties wouldn't that be on my credit making it harder each time I attempt to get one after another? And how do you usually get the personal loans to operate under your LLC still? I hope I'm not annoying you with all of these questions. Like I said I'm fairly new to this and I'm really trying to make the least mistakes possible!

@Bryan O. Thank you so much for your time to answering my questions you are being super helpful I really do appreciate it. So I can get the first 10 properties Freddie Mac/Fannie Mae route straight into an LLC? I heard any lender that worked under their guidelines would never finance under an LLC? Only commercial lenders did that? Again Bryan thank you so much

@Bryan O. Thank you Bryan. So create maybe 2 LLCs? One for rehabbing and one to put my refinancing into? Also I’ve looked this up quite a lot and I know that at some point you’ll need partners to build a big portfolio. But realistically how many can you actually finance on your own whether it’s residential or commercial? I appreciate the advice and your time!

Meant more cash flow I guess. So you’re saying taking more the lending route? 

So I am fairly new on bigger pockets as well as becoming a landlord. I have some experience in real estate and I've flipped a couple of homes therefore I have a significant amount of money to be a cash buyer. At this point in my life I'd like to get passive income and my goal is to start a rental property portfolio with the BRRR strategy and I plan to own about 8 properties at least by the end of next year. I plan on buying cash first From wholesalers with instant equity But to do so would it make more sense to go ahead and just refinance straight into the LLC to protect my capital? Or is there a better way to do it for the first few houses since I know I'd be jumping straight into commercial lending by doing that which would be more expensive than a residential one? Your advice would be greatly appreciated!

So I am fairly new on bigger pockets as well as becoming a landlord. I have some experience in real estate and I've flipped a couple of homes therefore I have a significant amount of money to be a cash buyer. At this point in my life I'd like to get passive income and my goal is to start a rental property portfolio with the BRRR strategy and I plan to own about 8 properties at least by the end of next year. I plan on buying cash first From wholesalers with instant equity But to do so would it make more sense to go ahead and just refinance straight into the LLC to protect my capital? Or is there a better way to do it for the first few houses since I know I'd be jumping straight into commercial lending by doing that which would be more expensive than a residential one? Your advice would be greatly appreciated!