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I am new to real estate investing. I was told the best thing to do was establish an LLC as I begin my venture. I plan to access some of the equity in my home, along with cash on hand, to purchase and reno property. ...
Personal finance doesn’t have to be complicated. Saving, investing, and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re...
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I'm planning on buying my next rental property at the end of this year using conventional financing. I currently have 2 rental properties, so in addition to the 20% down payment I will also need to show proof of fund...
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We created a LLC to buy and hold rental properties. Because it is difficult for the new LLC to get bank loan, we applied a Home Equity Line of Credit (HELOC) under our own name. Our LLC has pur...
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Hey all, I'm a smalltime investor currently living in a flat of a Chicago 2-flat while renting the other out, and also have a SFH rental in OH. I'm not looking to scale anytime soon. I have my personal emergency fund ...
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Hi All - I am looking to set up a small fund of 2M to 3M focusing on buying 1 - 4 units. In my market, the value is about 120k per unit. In your experience, who is the best type of lender who understands the fund mode...
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From what I have read I should have an account for security deposits and an account for rent and expenses that are separate from my personal account. Assuming I will be targeting 10 properties here are a few questions...
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I'm curious to hear where people have their money these days. You just made a killing off a flip, sold your personal home in this crazy market, inherited a chunk of cash from family, etc. You hear a lot about the grea...
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Do any one know in good source to get unsecured business line of credit. Newly formed LLC need quick cash and don't want to use hardmoney lenders to get into deals. FICo 738
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Hi All,I just put a house under contract that I'm going to flip. My partner and I plan to get a hard money loan for the purchase and then use my self-directed IRA for the renovation funds. My IRA is a "checkbook" IRA ...