Ken Vingua
Searching for Business Lines of Credit or HELOC
I have been searching for a way to get access to lines of credit to use for REI for a few months now and have had no luck. I have contacted local and national banks and gone through several initial applications only ...
Account Closed
Credit or Capital...Which one is more important?
I have read books, watched videos, attended webinars and so forth. There is one question that keeps coming to mind. What is more important when starting as an investor. Is it credit or capital? Or are they both equal....
Joseph Leguenec
Inter-creditor Agreement for Property Sale. Bad Idea?
Hey there, Long time lurker, first time poster! I have been consulting with various attorneys, and have been getting some mixed messages. Heres the scenario.I have two adjoining properties for sale. They are two separ...
Beary Bowles
Pay off Business Credit or Invest Business Credit
Greeting AllI'm kinda stuck in a hard place and want to invest in more rental property. Over time I've been able to buy properties using business credit. Thankfully I was able to do the BRRRR model and pay the busine...
Scott Coblentz
Savings, credit, or checking account for starting up?
Hello, this is my first post! I just got my first rental property and inherited a tenant. In setting up my business accounts, I am questioning whether I should use a savings account where I deposit rent payments and p...
Ryan Gartley
Business line of credit or Hard money loan
Looking into an REO triplex (asking price $95,000) that will need less than $20,000 in repairs. Should I use my BLOC or use a hard money lender for down payment and rehab? Thanks in advance!
Syerena Orr
Business Credit or Private Lender for Down Payment
Hi BP, I'm trying to buy my second home, hopefully a multifamily, with no money down by using business credit or a private lender for the down payment. My question is how do I use the income without the banks wonderin...
James Farrel
Anyone Used Fidelity Creditor Service in CA for collections?
Hi, I am looking for a good collection agency to collect a $6000 rental debt with no money judgment. Fidelity Creditor Service has offered to attempt to collection debt on a 50% contingency fee. Has anyone used th...
Max Grenader
No Credit or Cash Flow, but Cash Reserves available.
When starting a Real Estate Investing LLC that has no credit or cash flow, but has large sums of cash reserves, due to deposits from private investors who own a % in the LLC, what are your options in terms of loan mor...
Alex Hamilton
Using Credit or Debit Card online to purchase Card
I was asked to send a copy of my Drivers License, as well as the front and Back of my Credit Card, after already sending the seller the info off the card and singed an authorization Affidavit. Anyone ever been asked f...