All Forum Posts by: Princess Anujulu

Is having an Llc benificial for a small business partnership?

@Kim Okafor

@Jon Holdman

Thanks. This information is very useful. So hypothetically speaking if we don't find a bank that would lend to this entity, do you suggest taking out a personal loan and then eventually transfer the house under the business or would that require too much money to do so.

I do apologize @Jon Holdman I am trying to buy this property. We are not buying with cash so having a mortgage would probably be our only option? I do appreciate your response..... Making phone calls as we speak. Do you suggest a hard money lender?

My partner and I are new investors and recently started an investment company. We're looking into purchasing our fist property as a business. Our company has no line of credit being that we a fairly new. The question is what is the best way that we can go about purchasing this house?

wow!! This is great!!! Just what I needed to know! I appreciate this a lot. @Thomas I.

great responses!

That's good to know Sydney. I assume every investor is different in terms of what they want.

As an investor, what information would you like for a wholesaler to have prepared when coming to you with a deal?