Hello BP Community!

Welcome to the BP Community and most folks I know that are in your same situation with properties in 1 or more LLCs end up refinancing those properties into DSCR loans (instead of HELOCs) to extract the cash they need for their next acquisitions.

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

I found a win - win situation for the corporate owner, the rail road land owner, and the community who were plagued by the vagrants steeling and causing mischief.

A good attorney will even warn you if you are doing something illegal.As you can see from the list, a wannabe or "self taught" or poorly trained by videos or in a "community", does not provide the breadth of knowledge & experience to keep people out of trouble. 

WE get our spec loans from local community banks that specialize in lending to business's in the community.. they are not retail banks they are not looking to amass huge small time checking deposits..

Let’s share, learn, and grow together—because that’s what this community is all about! 

Welcome to the BiggerPocket's community!!

Say they have a "community" of 100 and someone does a deal, (it doesn't have to be a deal that actually makes sense), everybody believes that's "their" success and they all do the "happy dance".

No reputable PM's around here that I am aware o.