I have a personal and a business account. I only use my business account for my 3 rentals I own. So I know what money is coming in and out. But when I go to get approved for a loan they want to see my business income....
Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...
This is for the new investors just getting started. How should they go about approaching private lenders for capital to purchase property? Which would you say should come first? Find the deal first or find private len...
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...
To get money from a hard money or short term lender do you need an LLC formed? I have looked at some through bigger pockets like LendingOne, I believe it was called, and they ask for business information.
I'm looking at buying my first investment property but I'm wondering if there are private investors or companies that will lend on the rental income of the property and cover the down payment? If so, are there certain...
I am getting into the fix and flip market and I have family and friends who are interested in investing with me. Basically they will lend me the money to use for a property and get a 10% return on their investment. Wh...
I’ll try to keep it simple and straight to the point.
My mother has owned several rental properties for more than 20 years and I’ve always wanted to use her as a mentor.
We’re working on a deal to create an LLC p...
Hi all,I am new to real estate and will be forming an LLC with a couple partners and am wondering how we will be able to get financing. The LLC will have no history and no assets. Will lenders look at all of the owner...
Hi new to forums, and to the world of real estate, Please excuse my ignorance if any, your feedback is greatly appreciated. I purchased my first investment property (2Fam) with cash (raised from investors)The house wa...