Pricing and risk levels are about the same for the same type of stuff in either city.

Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

If the answer is no, that means they are a broker of some type.

Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

What type of properties are you looking to add to your portfolio?

None of those types of loans allow LLCs, therefore, that lawyer is incorrect.

It would definitely be fraud if this was the case, a recent post from an auctioneer talked about this exact situation, where they said the auctioneer was liable (different bedrooms/type of home example you don't have to read it) States would differ though and it doesn't seem black and white. https://mikebrandlyauctioneer.wordpress.com/2022/07/12/no-li...I do agree with you that it could very well lead to being burnt, however.

What type of strategies are you exploring?

We do those types of loans.

Sometimes the tenants are coming from shelters or other communal type of housing where maintaining a space my not be solely there responsibility so maintaining the unit may not be to your liking.