Antonio Esquivel
Create a property management company, put it on the lease
I'm sure other investors run into this problem as well...I was going to create an LLC a couple months ago until I found 99% of banks wont lend to LLC, great. So I purchased my 2nd rental under my name again. And even ...
Jon Passow
Purchaasing through an LLC
Sorry for the misspelling in the title, hit post too soon and now I can't edit the title. I've decided to go the LLC route for my REI plan and I'm a little confused on how to purchase a property THROUGH an LLC. Detail...
Tyler Carpenter
Forming LLC?
Would/ Can you form an LLC before you buy a property. I was told that most banks wont loan to an LLC real estate if you dont have a lot of business history with the banks. What my mentor said was once I bought a prope...
Brad Kanouse
Started a LLC question
Hello all. Just started up my LLC. Would you suggest that you separate everything regarding your LLC from your personal so they don't have any connection? I know I should have a separate bank account, but would you...
Jason A.
Applying for business credit
Hi Folks,
I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially...
Debra Bee
Rental property
I know I have to set up a separate checking account from my personal account for my rental property but can it be just a regular checking account or does it have to be a business account? can I have my account at the ...
Talia Wiles
Is Business Bank Account Needed for 1 Arbitrage Unit?
Hey guys! I'm new to the forum, and my husband and I are about to start our first short term rental (via arbitrage). We figured it best to create a separate bank account from our personal account for tax purposes, boo...
Sam Marcos
Read and listened but confused on scaling rentals. Help Welcomed
I've read all kinds of material and listened to hundreds of hours of podcasts. There is one thing about scaling rentals that I just don't understand. Can anyone elaborate on this?The question is, how does a bank app...
Chinmay J.
LOC underwriting
What is involved in LOC underwriting? Is it as intense and detailed as actual mortgage. Last investor mortgage I had the underwriting went on for about 6 days.. (4 business days) I am getting personal loan from anot...
Terry Portier
BOTTOM UP LLC
How have you built your LLC from the bottom up with no assets, track record, credit?