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14 December 2024 | 6 replies
Is it to borrow using a commercial lender that only lends to LLCs?
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10 December 2024 | 8 replies
However, I suppose it depends on your situation.I know some people who borrow from their 401k or use an IRA to pull from.
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14 December 2024 | 7 replies
I know it can depend on factors like the borrower’s credit, payment history, and loan terms, but I’m looking for general guidance or ballpark percentages based on your experience.Top Buyers/Companies:Who do you recommend as reputable buyers for these types of notes?
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3 December 2024 | 10 replies
If the loan is not getting paid, you foreclose and sell the property to get your money back.The only other way you could get yourself in trouble is by giving the borrower cash before the work is done.
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13 December 2024 | 2 replies
Scaling with Business Lines of CreditAs your business credit grows, you’ll qualify for larger funding opportunities such as:Business Lines of Credit (LOCs): Flexible borrowing for down payments, renovations, or operational expenses.Unsecured Business Loans: Access up to $250K or more without tying up personal assets.These financing tools allow you to scale faster while keeping personal credit utilization low.5.
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12 December 2024 | 7 replies
Lower interest is generally better than higher interest if you are the borrower.
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11 December 2024 | 2 replies
(Maybe something bette rthan a gift card that i can steal...err...borrow?)
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11 December 2024 | 12 replies
Just a place for lenders to find borrowers and vs vrsa.
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10 December 2024 | 7 replies
Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.
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13 December 2024 | 8 replies
Are you sure you can borrow the $500k of the $1M purchase since you won’t be the owner?