Bob Okenwa
Line of credit for fix and flip
Hi BP,I've been curious as to opening a line of credit for my fix and flip business and wanted to know what is the best way to go about getting one. This would be a personal line of credit as the business LLC is not y...
Luz Domingo
Business credit builder
Hello BP, Our LLC is new and we can not be qualify for a business line of credit. We already open a business account under our LLC name. I was told by someone to enroll in a company that build business credit for n...
Miltiana Holdip
Opportunity for 50k loan but need 680 credit
I got an opportunity for (approx) a 50k personal loan from someone, their underwriters want to see a 680 FICO score and they will disregard income. I'm still building my credit at the moment so my score definitely isn...
Lupe Cartagena
Tracking expenses on a flip
I am in the process of purchasing my first flip. I realized, I dont have a method for tracking my expenditures. Does anyone know of a good software program to track my expenses?I am purchasing a sfr. Thank you
Marlon Brown
Business Credit for Real Estate investing, how to
So, you've formed a new LLC, gotten a new EIN number...now what? Can you now, at this point (even though you haven't yet sold anything in your business) apply for and receive substantial amounts business credit for t...
Jan Neruh Kelsey
Recommendations on organizational tools/spreadsheets for rehabs/flips
New BP Pro member here. Does anyone have any recommendations, or even better any spreadsheets, excel or web-based, they use to keep track of all construction expenses for Flip/BRRRR properties? I BRRRR several prope...
John S.
Is this the proper way to run a portfolio with multiple LLC's?
Hello everyone,
I'm a single investor with no partners.
I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).
I just purchased a 2nd rental property l...
Matt Smolinski
How to Track Property Reserves
I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I...
Catherine Javier
Tenant screening Bankruptcy
Hello Everyone, This will be my Second Tenant in Tacoma for a Midterm 90 day lease.We did the background check and it shows 1 Bankruptcy No criminal history, no eviction etc. That’s the only public record we see. Cred...
JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...