Chris Wilkening
Expensive repair bill
Hey all,So I have a plumping bill coming that will be fairly expensive.Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expen...
Evan O'Brien
Personal Loan: Down Payment
Is it a good idea to use a personal loan to fund a down payment for an investment property? I know that using a personal loan through a company such as discover or SoFi is much riskier than using a different type of f...
Hassan Tejan-Kella
Securing funding for Refi whilst going through a lawsuit
Hello all I'm a 6 year investor mainly involved in long term rentals. I have found myself in a place where in a recent tenant of mine is suing for personal injuries. This in return has been affecting my ability to sec...
Jeff B.
what is an accredited investor?
According to investor.gov: What does it mean to be an accredited investor?Under the federal securities laws, a company or private fund may not offer or sell securities unless the transaction has been registered with...
James Ferguson
New to REI should I take out personal loan?
Hey, I am new to REI and am undecided whether or not to take out a personal loan to quickly amass my down payment for my first property?My wife and I both recently moved to Texas, have good jobs with no prior except l...
Chuck Dangar
Transfering Money - Personal Account to an LLC in another state
I am trying to wrap my head around how to transfer money from a personal savings account and HELOC in one state to another state that will hold my business/LLC account. Will it tie the business account and personal a...
Marcus Wright
Obtaining Unsecured Loans
For 2023, I’m thinking over a few ways to add more assets to my growing portfolio. Ran across the thought of obtaining an unsecured loan to help assist in my growth. The lenders mentioned the loan would be in my perso...
Account Closed
Does business credit/debt affect personal credit score/DTI?
I have an LLC for my real estate startup, but I have neither the capital to get it off the ground nor the credit score to secure funding. I have a potential partner who I am willing to sign on as a 50% partner in the...
Shawn H.
Buy property under LLC with personal LOC
Like the title says, can you buy a property under an LLC using a line of credit secured by a rental property under personal name? What are the ramifications? Thanks
Josh Bast
Acquire more or aggressive payoff?
What's up BP!I have submitted my first offer on a SFH that I intend to rent out. The purchase price of the property, and what I intend to be a similar price of properties I expect to purchase in the future, is around ...