All Forum Posts by: Nicholas Rickman

Attended first webinar on buying multi family units. Not much new info but definitely got the creative juices flowing. Reached out to friend for investment opportunities. Should I consider Limited partnership for future inbestments?

Quick background I have been in prison nine years. Lots of book knowledge on real estate, business structure, and asset protection. Prior to incarceration owned construction business. Lots of construction experience.Soon will be starting business again.

I have zero credit and little capitol. Also work history short. My money will be going to start LLC.

Friend has good credit more working capital.

Should I go LP for each individual investment?

Friend

I was encarcerated for nearly a decade. My wife has amazeing credit. I have zero credit. I opened a secured line and am useing that. I pay it off so to avoid interest. I bought a truck but we had to put it in my wife's name. I make pretty good money. I want to build credit faster.

@Tonie Scaife

Is there a benifit to doing it in that order.

@Erickson Sainval

I posted a reply. This is my first time on this website. Thanks for the info.

I thank you both for your info. I am married and wife bought a house nearly Six years ago. We have a good sum of home equity. My first goal is to buy land, build ADU and move in. Our house will become our first rental. Would it be beificial to refinance then do a HELOC.

I have quite a bit of knowledge. Not any credit. I have a plan to build a six unit apartment complex for transitional housing. Any advice would ne great.