Tracey Steele
Construction Loans vs. Business/Personal Line of Credit
Hi BP Community - What is the general consensus on obtaining a construction loan vs. using a line of credit to finance property renovations? The current property requires some rehab, but it's an investment property, s...
Cooper B.
Accessing 0% personal credit for use by LLC
I have a decent amount of 0% credit available on a personal credit card. Can anyone tell me if there is a way for my LLC to access this credit to help with rehab costs? Of course, it would need to be done in a way t...
Bienes Raices
Paying personal credit card bill with LLC check
I'm getting my tenant credit reports, etc. from a company called Quick Check. Quick Check does not have technical capability to have more than one user credit cards on file so that the user can charge different report...
Eric Adu
Best ways to establish credit history with a new LLC
I just created my LLC a few weeks ago and was looking to establish credit history for my company. A couple of questions:
1) Is there a better/easier way to establish credit history outside of applying for a business...
Quinton Lightfoot
Financing for beginning investor
Hello to all,
I am a real estate investor and I need help/ advice on the business and financing. Here are my problems ,
The last time I put a property under contract, no one wanted the property and the contract ex...
Ryan Robinson
How being a guarantor for a LLC impacts your credit
I'm getting a commercial loan to purchase a property under my LLC. Since this is my first purchase, I'm being asked to list myself and my partner as guarantors. How will this impact our credit?Is there a benefit ( a...
Bernadeau C.
Removing your personal credit from a loan after 6 months...?
Hey all, I was told that if a person were to buy a property with their personal credit and within 6 months of owning that property they "sell" the property to their own LLC; at that point that individual can then writ...
Keith Schulz
Business Credit
I currently have an LLC set up. Although, all my financing in the past has been in my personal name. I'd like to get to the point where I have enough business credit to finance rehabs.
In any case, I'm getting prequ...
Niyi Adewole
Obtaining Credit card for LLC
Good afternoon BP family,
Home Depot offers a 24 month 0% financing card, but it is only available to “consumers”. I have a project within my real estate business/llc that will cost around $20K that this card would ...
Adoney Reid
Buying 1st Investment Property Next Q3-4, Will Taking out business credit card affect
Hello BP Community, I am looking to purchase my 1st investment House-hack multifamily property this year in Q3-4. I justed wanted to know if it makes sense to take out a business credit card for my business ? Apprecia...