Jordan Crumley
No Personal Guarantees on a Construction Loan
I am part of a group doing a development in Boston. We are looking to borrow ~$10.5mm to development the units. The group is experienced and looking for a lender that doesn't require a personal guarantee. We have eno...
Bella Hounakey
Personal conventional loan to LLC -Fannie Mae
I am a first time home owner . My lender is Fannie Mae. I received a loan for 30 year conventional. I want to rent out my property but first want to transfer it to an LLC. Is this allowed for a personal mortgage loan ...
Ron Mussatto
Loan in personal but owned by llc
How are investors getting conventional loans (for the better interest rate) since they need to be in personal name and still be protected from liability? Is it typical get loan in personal name and the property be ti...
Justin Bock
Financing BRRR question - commercial or personal loans?
So, I have a question about financing rentals and flips. Here is my current situation (I’m in the Raleigh, NC area):Wife and I have high 700 credit scores and W-2 incomeWe have an LLC which we have not used to purcha...
Hank Valdez
Small Business or Personal loan short term?
Hello everyone,Does anyone know where I could find a good personal or business loan? I am looking for 175k total either one loan or it can be 3 separate loans split between 3 persons. It's for a manufacturing busines...
Chelsea Hill
Purchase Condo with a Personal Loan - HELP
Hi All! First time poster here. I just wanted to get some advice on an opportunity I'm interested in pursuing. I am Manchester, CT and am looking to purchase a condo. The list price is $52k, but comps have sold in the...
Jon Mason
Refi on home with a personal loan
I have a potentially stupid question, but here goes. We purchased a property as a rental for $120K. $85K is a conventional mortgage and the other $35K is a loan from a family member. We're almost done rehabbing the pr...
Jim Lowe
Using a personal loan for a flip?
I'm curious if anyone has used a personal loan to fund a rehab and flip? I have good credit and a decent bit of cash but still need to finance in order to start flipping. I'm worried because I'll be a first time flip...
Stephen Miller
SFH BRRRR with personal loan + CC financing
Hi everyone, I'm Stephen Miller and I'm a newer member to BP. I got my first BRRRR property two months ago (2nd rental first was LC). 4B/2BI chose to use my high credit score and use a personal loan and 0% interest cr...
Brian Armstrong
Personal Loan for Self-Directed IRA OK?
Is it allowed by SDIRA rules to create a personal loan from an SDIRA to someone that doesn't involve the direct purchase of an asset? As in, could it just be a loan to a colleague or friend? Thanks in advance