I have two businesses that I have structured as Llc’s and am currently trying to establish strong business credit with them. I currently have one business card each for both of them through capital one that I got usin...
Hello BP, was just wondering if a unsecured line of credit would count as reserves in the banks eyes when applying for alone.? I know banks want atleast 6 months to cover expenses. Just checking
Thanks!
My business partner and I purchased a 3 flat in Chicago for $325k about 3.5 years ago. We are currently getting $4300 in monthly rent - Soon to be $4600. We formed an LLC immediately after purchase. We have bee...
Seeking the naked-truth answers and advice to the following question: Is it possible for a newbie investor to successfully wholesale or flip real estate property with poor credit?
Hey guys. I am a new investor, and i received some advice to go on the "credit tour" which is essentially applying for a line of credit at multiple banks and seeing what you can get. I went to three banks and am curre...
I am rookie, This will be my 1st deal. I just purchased my first investment property which need 15k of work (3bd 1 bath & 915 sf). I have good credit 780, an a local credit union approve me for two type of cred...
I was looking into getting a personal line of credit from a local bank or credit union and I was wondering if anybody has opened a personal LOC during the pandemic. I have heard that the restrictions are harder now bu...
Wondering If anyone has gotta a personal line of credit from PNC Bank. Trying to see if anyone has idea what they looking for and if anyway to get the max line possible which is 25k. Want to improve my credit profile...
Has anyone had any experience using a PLOC (personal line of credit) for investing....I cannot use HELOC due to previous cash out and was looking for other options. If so any lender recs would be appreciated . Thank you.
Hi everyone 1st time rental property investors.After much research our next step is trying to determine which option would be best for funding the 1st deal!Scenario / 1. We own a mortgage free property that has at lea...