Question (1) :
I am setting up a new LLC. There is about $15K of rehab that needs to be done on the properties. Instead of capitalizing the LLC with $15K, is it better to capitalize the LLC with a $15K loan? This ...
Hi, I am hoping some bankers can lend some advice on this subject (but anyone can). I am trying to purchase my first flip and have run into so many good deals but can't get them because they are cash only. I am cons...
Recently, in working to start up my investing business, I stumbled onto the idea of using large personal loans for funding purchases and rehabs of rental properties. Once tenants are in place, I would refinance to a p...
I ran across something that caught my attention that had to do with getting a mortgage for an LLC. Say if the only way to get a bank to loan to the LLC that holds the rental property was to personally guarantee the lo...
Hi everyone,I recently purchased a duplex, rehabbed it, and then moved into one of the units. I am looking for recommendations on a loan broker to do a cash out refinance on the property. It is in Indianapolis. We nee...
Hi, Just wondering if anyone has gotten a personal loan to buy property overseas. I have the downpayment in cash but wanted to finance the rest with a personal loan. Tried calling different entities like SoFi and Rock...
Hey guys, my Fiancé and I were discussing possibly taking out a large personal loan (from like prosper or even financial..) to fund a fix & flip deal.. what are your thoughts on this? Could it work to buy a forecl...
What is the process of using a personal loan for a fix and flip for example, do I not pay the loan until the property turn a profit or do I pay the minimum balance each month on the loan? If required to pay monthly mi...
I'm looking to purchase a 10 unit rental property in Maryland. This many units requires a commercial loan of course, but I don't have rental history (though I have flipped some homes and rented to friends and family)....
If I were to use a personal loan in my own name, and then use those funds for all or part of a down payment as an LLC (sole member) to purchase rental property... are there any issues with that?