Account Closed
Should I Open A Line Of Credit?
I keep hearing about people saying they are opening unsecured lines of credit. I'm wondering if this is a good or bad thing to do? It seems like a good way to finance your earnest money or your down payments and then ...
Jeff Twigg
Closing on SFH with Cash, NEED options to get CASH out
How can I get cash out of a home I just purchased? I purchased with cash, in an LLC. Ideally, I'd like 50% of value out in cash. Part I'd use for rehabbing the house before renting, the other portion to buy another...
NIc Green
Financing a Property That Has an ARV under $100,000
Hello Investors!
Found a property for $25K. That includes a 1,900 sqft house that sits on a 1 acre lot. The repairs will cost about $35K. The ARV/Fair Market Value is $85-$90K.
I know most hard money lenders want t...
Account Closed
Looks like a good deal to me, but.........
I have a home in the Charlotte NC area that is going for $139k. Im looking at 2,500sqft with appliances in the house in good condition. The cashflow is sitting around $911 a month. The house is amazing. The issues is ...
Kevin Suksi
Establishing Business Credit
We have an LLC which is about 9 months old and are trying to establish business credit. I have gathered from other postings that you want to try to get 5 trade lines established and that the business must be at least...
Jesse Houser
Private Lending - Note
Hi all,I'm looking for a little help in how to structure a private note. Another investor and I are partnering on a flip and slipping the profits 50/50. My side of the funding is coming from my dad, who I will be spli...
Kaylee Bonacci
Owner Occupied Private Money/Hard Money
I have been reading these posts for awhile and have found them to be very educational. Someday i hope to be on the investor side but for now i need one. The short story...is it impossible to find private or hard money...
Jimmy Booth
Financing For Total Rehab in Detroit
I am trying to find a lender for investment properties in the Detroit area. Most of the properties I have been interested in are less than $15k but require significant work. I have come across some companies that woul...
Michael S.
SDIRA Private Lending Failure
I while ago I connected with another investor and they were very good at talking, giving advice, and laying out a long term investing plans. I agreed to provide a loan from my SDIRA LLC to their LLC to put one of the...
Neal Boroumand
Tenant credit report - good score + high debt?
I am currently screening tenants for an upcoming vacancy. I found a tenant that initially sounded great, but some details on their credit report worry me. While their credit score came back as excellent (~720), they...