The best part is that you are making a positive impact on your providing housing for those who would not be able to afford living in said neighborhood.Managing the property and members are things the entire PadSplit team is good at.

Thanks for your advice.Hi Cassandra, you provide great context and information!

Can you provide references or examples of successful projects you’ve funded?

Can anyone provide any insight has to the success  rate of investing in Texas? 

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.

For those who are unfamiliar, PadSplit is an affordable housing tech startup that provides a house-sharing service for working people.

I generally only use the anonymized email provided by the websites.

Lines of Credit: Business lines of credit can provide quick access to funds for various project needs, offering flexibility in managing multiple deals.

Apologize if these questions are vague, I am quite new to this.Happy to provide some of the data I have found thus far (though data online is scarce given the size of the town).Thanks!