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About 46 minutes into the podcast Serge Shukhat says that he would tell a person with no money in the bank that they're not ready to be real estate investors. Can anyone explain why he would make that statement?
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Does anyone have experience with writing my own note on equity that is in an investment property? I have a few rentals that all have equity (as well as my primary residence). I would like to use this equity to re-in...
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As I continue my real estate investing journey, I am considering the option of turning to family and or friends for a down payment loan and in turn offering them something in return i.e. a fair interest rate. I have h...
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Hello BP,My brother and I are starting our business together and just got our LLC established. I have a couple "getting started" questions about getting a business bank account that I would like opinions on. 1. Is ...
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Hello, I recently received an offer from someone who is willing to pay me a monthly rate higher than I am currently asking for in exchange to sublet my property as an STR. Does any have any experience with these short...
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I just read a post here from a gentleman asking for a lender who would either lend on the down payment of a house, or lend on the entire purchase of the house.
The responses were mainly that there are no hard money l...
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How can I lend money to my LLC without piercing the corporate veil? If I’m transferring money from personal account to LLC online should I just make sure to write “Loan 123 Main Street Project” in memo and after flip ...
Dumb question here.. But can I use another person's credit to purchase additional investment properties without them being a "partner" but really just a "lender"? I have two rentals right now along with my primary res...
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Yea! More LLC questions! Everyone loves LLC questions! Right? ;-)In an effort to get specific answers, I'll try to be as specific as possible about my situation:My wife and I are under contract for our first rental p...
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Hi all! This is a 2-part question. First, how many of you use wholesalers in your business? Secondly, how many of them help you find money to fund their deals to help you conserve your cash? Just a quick survey. It's ...