You've borrowed for a car.

C Corps is simple - just issue additional share.Transfer of memberships of a C Corp is cumbersome - whereas for a C Corp all that is needed is to transfer the shares.Control of a C Corp can be altered without any transfer of shares - just dilute the shareholding by issuing additional shares.Long term capital gain occurs when shares are sold (after 12 months).Ask the CPAs to find out details of medical deductions, and how to use 401k to a) reduce employee tax, shelter corporate profits, retain earnings and transfer LLC profits to a tax friendly state via management fees to the C Corp.Banks do not like LLCs as borrowers - Finance is more easily obtained by C Corps.

(but then you might get a system in place or borrow one if you are buying several properties a year)...Sort of a quick seasoning formula that works for you...

I would have dozens of interested borrowers if what you are saying is true.

I would love to hear success stories or pitfalls people faced.Based on my numbers it seems like I could potentially borrow much more than I have in to a property.

Obviously borrowing money increases you % returns cash on cash, but I have a couple rentals that are completely paid off and reading the forum is making me feel like I'm doing it wrong and should be refinancing and BRRR'ing the properties.

If someone can present me with a checklist or spreadsheet asking the borrower all the details on the property then I email it to him.

He borrows 71k from a private money lender. 60k for the purchase, 10k for the reno, 1k for the closing costs.

my OPINION in no particular order of importance:1) see if you can borrow 20k on your 20k. 2) get you wholesaling up so get steady income3)scope out long terms deals4)network, partner up on mid term deals to use and reuse your cashGood luck

But I believe you cannot borrow from a regular IRA account to purchase real estate.