So I am currently working towards buying my first BRRR property and have recently found a private money lender willing to set me up a line of credit to purchase and rehab a property. The only catch is that they will o...
I decided to get pre approved for a mortgage today. I called up the bank that I used to purchase my personal residence. I told them that I wanted to buy a single family home as an investment property. Immediately the ...
Hi everyone, I recently watched the BiggerPockets Podcast (300 Doors ALL Through Creative Financing w/ Pace Morby) I'm on my 5 time watching it trying to comprehend everything that Pace does. I was just curious if any...
Hey gang! My fiance and I just got our first house and we are planning to convert a section of the house to an auxiliary dwelling unit and rent it out. We started a shared bank account and are on our way to setting up...
Hi everyone, I have recently created a LLC, but am struggling to find a loan provider. I am trying to use a conventional lender due to the low rates. The banks that I spoke with won’t lend to LLCs. So then my plan was...
Hello BP Family.I have one year old LLC and my company made less then 10K in 2016. I really need to obtain finance to make another purchase. When I ask my bank about business loan they advised to be more specific: "A ...
I'm wondering if anyone has secured a line of credit either through a bank or a private lender using cash as collateral. Is there a ratio that banks will lend on based on the amount of collateral? I understand that ...
Good afternoon,I've been reading Profit First by Mike Michalowicz and am going to set up the system just like the book tells you to do. I was wondering if anyone of you have tried this and how has it treated you? How ...
Hello, I am new to the rental game and decided to create an LLC for future use. I am having trouble figuring out how to get a loan for an LLC. My broker told me that generally, an LLC with no credientials will have a ...
Looking for insight from landlords or Brandon(the man, the myth, the legend himself) that have done the BRRRR strategy as coined by@Brandon TurnerWe bought our 1st rental cash, all renovations are completed and we are...