Dallin Watson
Getting a personal loan for LLC use (Tax and Legal Implications)
I had my tax guy open an LLC for me this spring, but don't know much about maintaining it. I currently own a duplex and I'm working on getting it out of my name and into the LLC's name. I am also in the middle of reno...
Isaac Hebron
4 to 20 units in 12 Months
365 days ago I had four units. I primarily stick with 3 bd 1 ba units. Average rent is $800 per unit. Then I found a quadplex and ran the numbers. Presented the numbers to a potential investor. I utilized the strategi...
Tony Lipari
My first investment...
Almost 2 years ago my wife and I decided to get into rental properties, we found a 2 unit that was owner financing! Score! The building was 80K with 20K down, now we didn't exactly have any money for the down payment ...
Chad Duval
For a cashout refi - Are all LLC expenses included in P&L?
Hi all! I have a question about a P&L and a trailing 12 for an apartment building. I currently have a personal loan that I used for a down payment on an apartment building. The apartment building is in an LLC and ...
Jeff Rabinowitz
If one lists SD-IRA assets on a loan application can the IRS consider that self dealing?
Fannie Mae allows a lender to consider assets in an IRA when analyzing a personal loan application. If a borrower lists assets in a self directed IRA on a loan application to obtain a personal loan that they would not...
Adam McAllister
Ran out of capital for renovation-How do I continue?
Long time lurker, first time poster. I bought my first primary SF in June 2020, before finding Biggerpockets. I have been DIY fixing the entire place and want to do a cash out refinance in the first quarter of the new...
Alessandro A.
Using A Personal Loan To Purchase a Property
I have about 90k in cash. I found a good deal with a 90k purchase price that needs $7k in rehab. I am considering a personal loan from a lender such as Lightstream for about 35k and funding the rest of my deal with my...
Carroll Lee
What will happen to my Credit Score?
I have about 35K in debt. My credit utilization is 48%. I have a personal loan with an original value of 14K that I'm three months from paying off. Was that personal Loan calculated in my Credit utilization. When ...
Greg Mckeever
How easy is it to refinance a personal loan into a Mortgage?
I am considering taking a personal loan (20% interest @ 5 years) for a nice house that is going up for auction next week. This is a cash only deal, with lots of potential. My plan is to BRRRR. I'd like to find a hard...
Miranda G.
Lenders for Earnest Money Deposit / Down Payment
Before you say 'you should have the money to get into a contract' I normally wouldn't be in this situation but I've just closed on a property that was all cash 2 weeks ago and a friend calls me on a property that's tr...