K W
Residential or Commercial Loan?
When I spoke to a lender about purchasing a 4plex, they told me that was considered a residential loan, but any more units would make it a commercial loan.
We are looking at a 6-unit property. Would that be a commerc...
Christopher Petalver
Business Credit
Can I apply for business credit with a personal guarantee with 2 different businesses at the same time?
Hassan Tejan-Kella
Securing funding for Refi whilst going through a lawsuit
Hello all I'm a 6 year investor mainly involved in long term rentals. I have found myself in a place where in a recent tenant of mine is suing for personal injuries. This in return has been affecting my ability to sec...
Richard Buffet
Looking to invest 50K cash + 200K in 401(K)
Hi allI have 50K cash + 200K in Self Directed 401K to invest. However, my big challenge is that I didn't have much income for the last 3 years as my business was just breaking even. So there wasn't much personal incom...
Carlo D.
Banking problem can't open a bank account for my LLC
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...
Ryan Luby
50/50 Partnership Structure from top to bottom
Looking for anyone to share experiences based on how they set-up and run their own partnership business.I know how I would like the business to run, but I of course get confused with the legal & accounting implica...
Mohammed Milord
Can you refinance a property with a conventional loan if its in an LLC?
Let's say you bought a property using a hard money lender, and you put the property in an LLC. Is it possible to than refinance the hard money loan through a conventional bank if the property is in an LLC?
Ramon Moreno
Solo 401k success stories
Hello BP, im currently in the process of rolling over some funds into a solo 401k. I just wanted to hear how some of you guys and gals have been able to maximize your solo k thru realestate investing.. Thanks!
Bonifacio Capuyan
Changed title from LLC to my name for refi. Can i change it back?
Hello All,This was my experience when doing a refinance. I purchased a duplex in OH a few years ago with cash. When I refinanced it the Bank wanted me to switch the title out of the LLC and into my personal name. I di...
Hari Narayanan
Opening bank account for my LLC - how to choose bank?
Hello,I have setup an LLC for acquiring my 1st Bay Area property (East Bay). I am going to follow BRRRR strategy for the first deal.I am looking for a bank/credit union for my LLC. I am wondering if I should choose a ...