Maggie G.
When to form LLC., before or after buying a property?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
Sharon R.
Virtual Closing comfortable and safe?
When you do million dollars deals and closing is done virtually (which one side picked as part of their terms and that firm normally does their closing online) how comfortable are you? I may be paranoid but it really ...
Deforrest Ferguson
Personal Line of Credit
Is it a bad idea to use a personal line of credit to fund a down payment on a rental property ? I have very little cash on hand and I’m eager to get started on my first deal. I know not to rush into this thing or I mi...
Shequann Burrwell
private money lending scams
I am on the search for a new lender to fund my rehabbing efforts in my area. I found a post on LinkedIn simply stating this person was working with new investors who are allowing him to lend there money out to fund de...
Shane Welch
1.2M 5 Plex - How to finance with $0 Down?
I am looking at a 5 Plex for $1.2M. I could easily live in the only vacant unit, all the others rent for $2,300-2,500.I do NOT have any money to put down. What are some creative ways to make a deal such as this, or ...
James Miller
group effort
Hello BP. I'm new here and hoping you all can give some advice on a plan some life-long friends and I have. We have decided that we want to get into residential rentals. Now none of has any money to put down how...
Edward Ray
Do you pay yorself a base monthly salary?
Hi BP'ers,I'm working on my first property.It is a city property that I own free and clear.I purchased it for 8K ,will put 40k in rehab(60% gutted). ARV might be about 55-60k Its a 3/3 duplex.Projected rents $625-...
Manuel Lam
Investing business income
Hi, many folks reinvest back into their business to leverage their money or other people's time. Can I invest money into a fund that returns dividends with business income... like in a fund that returns a dividend/in...
Devin Gonzales
Private money Lending
I'm meeting with a private money investor today, I looking to partner with this person on some deals to leverage their cash to get into real estate. My thoughts going into tonight's meeting is that this person would f...
Scott Meers
Thoughts on Funneling Money into LLC Bank Account???
Hello all,
Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.
No tenants yet. I am going to hold the building for abou...