Oliver Lee
Aurora - Non-Warrantable Condo
6 October 2015 | 7 replies
We did find another lender willing to do a 15 year fixed rate loan at 3.75% but requires the Buyer to be an LLC, put a minimum down payment of 25% and provide a personal guarantee.
Angel Johnson
Not-Quite-Budding Entrepreneur
6 October 2015 | 4 replies
You'll likely be providing a personal guarantee, anyway, in your business's early days.I have a mentor who teaches building business credit.
Freeman Schultz
LLC Questions
7 October 2015 | 13 replies
Another aspect of business entities that a lot of folks miss is that business entities can get their own credit, separate from your personal credit, though you may need to provide a personal guarantee when your entity is young.Lenders, creditors, etc. like to see businesses be at least two years old for better lending / credit terms.
Denny Kisner
Should I purchase education from Rich Dad or Fortune Builders?
5 January 2016 | 78 replies
, but alone is not enough.Education + Drive + action = highest probability of success.If you're looking for guarantees, I have bad news for you: there are none to be bought or sold.
Dev S.
Is solo 401(K) + my LLC + Loan possible for RE investment ?
8 October 2015 | 5 replies
And it is possible to use leverage for such purchase, but the loan has to be non-recourse (conventional financing will not work since you as disqualified person are prohibited from providing personal guarantee).
Robert Farris
Analysis Software Issue: Uninstall Code
27 October 2015 | 12 replies
They offer a 30 day money back guarantee and I'd like to get a refund but one of the requirements is a "UNINSTALL CODE" Does anyone know what this is or how to get it?
Matthew Gilbert
Getting property into a C Corp
6 October 2015 | 0 replies
Would any mortgage lender allow an already existing corporation purchase the property with a personal guarantee from my self and my business partner?
Account Closed
Establish a LLC Expectation
7 October 2015 | 13 replies
The longer your entity exists the sooner it can start getting its own credit separate from yours, even though you may have to guarantee that credit when your entity is young.
Michael Dunn
No-Seasoning Cashout-refi .... Confused
13 October 2015 | 12 replies
Thank you for all of the responsesI did have something else to ask, and see if this is even a possibility of happening....Come Closing, and assuming that there's $25,000 in Equity on the property ( $90,000 appraised value ( ARV ) MINUS the purchase price + closing costs = $65,000 = $25,000 )So the $90,000 ARV is from the Lender's Appraiser and is giving them a Here and Now Value on the property So given that the Lender knows that there is " Guaranteed " $25,000 Would the Lender not be willing to give me $7,200 in cash at closing ( based from them ding a LTV of 80% on the ARV of $90,000 ) ?
Sameer Kh
Should I buy this deal - closing this week
27 April 2016 | 4 replies
ARV is same as purchase price as per final appraisal.Loan status = approved for a non recourse loan.PITI = 765 per mo HOA = 35 per month Property will have a guaranteed rent for 12 months of 1175 (similar properties renting for 1100-1200 in the area )After capex, future repairs deduction I will be cash flowing 140-160Market is growing fast.Should I close on this dealThanks again as always