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...
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 ...
Hello, all! I am currently in the process of refinancing my 4-plex along with buying two more rental properties. All of these loans will be in the name of my LLC (and the properties will also be owned by the LLC) rath...
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...
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...
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...
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)....
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...
Can I do this without it messing up financing on a DSCR?