All Forum Posts by: Roman Martinez

Hello Joshua, I suggest you read the book on Rent Property Investing, Brandon has a lot of great information that really helped me a lot.  Good Luck on your journey.

Thanks Jonathan and Clayton for all the great feedback. So I am not looking to finance or buy the property for myself or use a 203k loan for myself. Also, what I meant was I am looking into using business funding NOT business credit.I just want to assist my partner in some additional funds to rehab the property under a conventional or 203k loan (light work not an entire rehab since there are two types of 203k loans) instead of going to hard money lender because we plan on living in it for a year under and then selling it. This all depends on the property and the available business funds.  So has anyone been approved for business funding under their LlC and used it for any investments is a better question. 

Hello Everyone,

First of all I would like to thank everyone on Bigger Pockets for providing such a great platform for rookies. I've been listening to the rookie pod cast for over three months everyday on my way to work and my goal is leave my w2 job within the next three years. My partner and I are looking to rehab our first property possibly with a 203k loan. My goal is start an LLC in NJ, since this where we will make our first purchase and get approved for a line of credit from several banks in order to invest in a rehab. I've done some research, watched several YouTube videos and according to what I've learned since my credit is above 700 I should not be a problem getting approved key banks. I have come across several companies like Legal Zoom, Zen Business and many others, some which I think want to overcharged me. Before I pull the trigger has anyone used any of these companies and if not do you have any suggestions or recommendations on getting some help on making sure this done correctly or can recommend someone that can help me.