Like the title says, can you buy a property under an LLC using a line of credit secured by a rental property under personal name? What are the ramifications? Thanks
Hello BP!I was wondering what type of loan I should expect from a lender if I have a good credit score, working as an engineer, and am looking to live in a small multifamily in the Tulsa area. I want to be able to wra...
Hello everyone been a member for a while but I am finally thinking of pulling the trigger on my first flip/ and hopefully seller financing. I have a home that a mom passed and her son cannot afford to stay in NJ and w...
I'll preface this by saying that I know that I need to get legal advice and will do so before taking any action. This situation is on a short time fuse and I need any useful information I can get.We purchased an NPN w...
I've been under contract on a short sale for like 6 months. Finally got bank approval 2 weeks ago and have just been waiting for them to get their docs over to us. Well, just got the docs and they expect me to close b...
Would anyone know where to start when looking for a bridge loan/ blanket loan in the northwest Indiana/Chicago area?Portfolio consist of 2 multi family buildings(100% occupied and paid off), 1 single family home(occup...
I Am trying to buy a house through my LLC. The credit union said I have to use a comercial loan which will be a 30 year loan but the interest will be fixed for 5 years. The interest will adjust every 5 years throughou...
I'm not sure if this is a "success story" or not, but I think I consider it my first successful move as a real estate investor. It all started about 2 years ago when I decided I was going to buy a house. For some re...
Came across 2 different person with offer of a Private Money Lending which provides LLC proof etc. But im still skeptical if its really legit. Seems too good to be true. LOAN TERMS AND CONDITIONS(1) Borrower must have...
Hey guys, interesting situation here. We just got some properties under a master lease option. We paid the lease option down payment and are taking over operation. We structured the contract in such that we realize th...