All Forum Posts by: Stephen Bethel

@Matt B. By using this, you no longer require a 3rd party Registered Agent (ex. IncFile, LegalZoom) ? I am looking into more cost friendly options as I am paying for a registered agent service.

Hi BP Fam!

I am in the process of strategizing ways to finance Buy and Hold deals out in the MA area. Currently, I am a managing partner of a multi member LLC. We want to find and understand all the potential creative financing strategies and how they can be used in an LLC.

So far I've come to the conclusion that private lending or commercial real estate lending may be the only approach that is viable for a multimeter LLC.

Some questions I have is:

- What is the strategy?

- Can it be used for LLCs?

- Can their be 2+ guarantors?

- Does this approach require investor experience (if applicable)?

Thanks!

Steve

@James Wise What keeps the other members of the LLC legally binded to the loan if it is only under one persons name? There are some risks for the guarantor that may not be present for the other 2 members.

And I am assuming this would be stated somewhere within the LLC OP Agreement?

Hello BP Fam,

I have an LLC (w/ multiple members) and we are looking for BRRRR or turnkey properties to start. I wanted to know what methods or approaches you all have used when financing rental property deals. Please include what are the requirements to qualify for said loan. We have done research on pretty much every loan type, but we ideally would like to know how to funnel through our LLC.

I have also read some people have went the conventional route and switched over to a commercial loan (if anyone knows this process, I'd be interested in hearing more!).

1. 1. Loan Type
2. 2. Qualifications
3. 3. LLC capability

Thanks!

Steve B

@Shafi Noss - this is the event being held in Lowell, MA on Thursday

@Joanne Tsai I’ve seen a slight increase in invetory but prices are still near highs (Boston area). Just being patient at this point until I see something worthwhile!

@Jonathan Bombaci for sure let’s connect! I’ll send you over a DM!

Hi BP folks,

I’m looking to build out my network in real estate in the Greater Boston area. I have a couple business partners on my team and we are currently in our research phase. We’d like to meet like-minded people with various amounts of experience in real estate. Look forward to networking and building together !

Steve

@Salvatore Lentini

I'm looking to start my journey in the rental property and BRRRR realm. Would you recommend finding a mentor within industry ? And if so how and where are you able to find one? I've been looking on BP and Facebook but cannot seem to find anyone willing to participate in mentorship?

Hello Everyone!

Glad to be apart of such a huge network! I'm looking to taking a step into BRRRR investment strategy to acquire some rental properties in my portfolio.

I am working on my first go around so I am looking to network with folks in the MA/CT area who have completed a couple BRRRR properties and are willing to share some experiences and insight.

Thanks,

Steve B.