Derek Mendez
Loaning money to multi member llc I’m in
HiHad a tax question I’m trying to wrap around.If I loaned money, such as cash at property closings or my credit card for llc to use. Besides reporting any earned interest I get; if the llc goes under can I write of...
Darius Henry
Help selecting the best funding option right now.
I need help determining which of our money options we should use to fund our first deals.
We have access to money through a self directed ira, some liquid cash (15kish), or a large available credit from c.c.s (0% ty...
Bryan Dunalp
0% credit cards
Hello all
I'm hoping for some advice about using 0% credit cards to finance my first deal. I have $50,000+ on 0% interstate credit cards for 12-18 months. I want to stay under 80% of total limit so I'm looking ...
Account Closed
Is Using unsecured lines of credit right for me?
Hey Everyone,Recently we have run into the dilemma of not having the down payment needed to work with hard money on our deals. As a solution, we have spoken with a company that applies for multiple credit cards for a ...
Johana Villamil
Need more cash to finish rehab
Hello my fellow Big Pocketers, I need some help! I am currently in the middle of a rehab, things won't left with my General Contractor and I need to take action. I have spoken with him several times already but it's ...
Marquise Crampton
Purchasing using credit cards
I've herd about a technique for getting together funds by opening several credit cards and getting line increases until you have enough to purchase a property, then refinancing out. Sound like a good idea or bad. Has ...
Eric P.
Need lender for singlewide mobile home investment property
there are a few cheap mobiles here in my area (ocala, fl) that i have been looking at to rent out. the problem is, they are singlewides and nobody around here will do an investment loan on one. obviously, i am looking...
Richard McDonald
Would like objective opinion on HML #s
I'm dealing with a lender in cental Ohio. I have a fix/flip, two weeks from completion, needing $10k to finish. My investment is $26k cash. ARV $80k.This is the only "deal" I've been offered. $25k. 15.99%. 12 month te...
Terri O'Brien
Funding a BRRRR as my second rental
I am looking to buy my second rental property. There is a 4 plex that is a complete renovation. It is listed for $77,000 and has already been gutted. There are 3 apartments that are 1 bedrooms and 1 apartment has 2...
Ty Wesley
Signature Loans
Hey again BP,
Does any one have any experience getting signature loans. What are some of the basic things banks require to approve an applicant for a signature loan these days??