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Friends,I am currently purchasing a rental property using a personal mortgage. My lawyer has told me that i can buy this loan using an LLC as long as i sign a personal guarantee with the bank guaranteeing the loan wit...
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I am forming an LLC with three other partners in order to protect our individual assets when buying real estate. Unfortunately, the LLC has no credit history (as it is brand new) and has no borrowing power. We are t...
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I see several posts on people who receive LOC's (not heloc) to finance their BRRRR properties. How are they finding funds for this? Is it personal or business line of credit.Can someone provide a basic example on how ...
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Hello,
I am a member of a recently established 2-member LLC. We are looking to purchase our first property using leverage. In order to qualify for more conventional loans, we will each purchase a property w...
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HI, I am a new investor, looking for a property in Colorado. I am going into buisness with a friend so we will be forming a LLC. We were told by a lender today that houses are not purchased and money is not lent to LL...
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Greetings BP Hive Mind! I hope you are enjoying your New Year's Day. One of my goals for this week is to get prequalified in order to make offers.However, I will be doing so through my LLC, and most of the loan inform...
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Hello everyone,
I’m working on getting a commercial loan from a local bank for my LLC, but they require my SSN. Is this common? I thought the point of ownIng a buso ess entIty was to keep everything separate between y...
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Hello BP. I would like some advice on securing loans in the name of a LLC. I currently hold a property in Philadelphia. Property is owned outright in a LLC, valued around 180k and occupied with a paying tenant. I ...
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I own a lake lot outright that will appraise for around $50k. This lot is on a high demand lake and lots/houses are scarce, as most lots and homes never make it to market - they are sold through word of mouth. I am wa...
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Closing on another duplex soon and would like to know how long you guys wait after closing to quit-claim the deed to an LLC?
Also, do you guys have the mortgage company ACH the mortgage payment from the LLC's bank ac...