All Forum Posts by: Ryan Carlin

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Ryan Carlin has started 2 posts and replied 6 times.

Hey BP!

I'm looking for multifamily loan brokers. Looking for referrals from those who have had good experiences. If you area broker yourself, please DM me.

Thanks~

Ryan

2 Votes

Can you give more context Susana? How many doors are you managing and what banking features are you looking for? What is your specific situation?

0 Votes

Did anyone solve for this? I'm looking to do similar.

1 Vote

Quote from @Rivers Fike:

You can get a second position private loan to access the equity in your investment property. This can be a good option if you have a low interest first position loan.

Thanks @Rivers Fike. can you point me in the direction of bank/company that can support a second position private loan? I'd like to learn more. Thanks

1 Vote

I'm looking to invest in another property. I have approximately $700k in equity in my home currently.

With anticipation of a recession - what are the ways I can unlock that equity without doing a home equity loan or HELOC? Any creative ways out there?

1 Vote

Los Angeles County, California

Quote from @Ryan Kelly:

@Austin Haygood if you are owning property in Maine, you are doing business in Maine, and therefore the LLC should be in Maine. If you want more protection (and complexity), you could then create an operating entity in another state that owns the Maine LLC. That makes more sense if you have a large portfolio, but not for one rental. Anonymity doesn't stop lawsuits, so don't assume that it gives you more protection. It just removes you from a simple Google search.

Thanks @Ryan Kelly

What about an owner with 2-5 properties? What would you suggest? I guess my question is - what constitutes a portfolio that is large enough for that setup?

0 Votes

Portland, Maine