Corey McKinney
Cashing out stock to invest in real estate? Tax Implications?
Can someone explain the options for cashing out money from an individual stock to then invest it in real estate? My wife was given a lump sum of stock in an individual company (Big corp./low risk) that a family membe...
David Dey
2 questions every lender asks. (If you answer correctly guarantees funding)
I just read a post here from a gentleman asking for a lender who would either lend on the down payment of a house, or lend on the entire purchase of the house.
The responses were mainly that there are no hard money l...
Jim Kalish
Pros and Cons of holding property on an LLC vs personal name
We currently have 5 properties with 9 doors. Three of them have mortgages that are in my name. We have lines of credit on 3 of the 5 and I'm trying to find someone to give us lines on the other 2. We also have been...
Dan Krupa
Retirement accounts as collateral
Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
Wesley W.
The New Guy with LLC / financing questions
Greetings All!
I’m brand new to the forums as well as being brand new to the business. I’m really looking forward learning from the collective wisdom from the members of BiggerPockets; someday I hope to be able to p...
Kelly Williams
LLC Mortgage Loan Without Personal Guarantee
Is it possible for an LLC to obtain a mortgage without a personal backing? It is my understanding that if the LLC has good credit and a history of financial dealings then it can. How long of a history and how ...
Chrisie Allemand
Questions on Lending
On becoming a hard money lender in Florida, is there is a license needed? If no, are there any other legal concerns I should be aware of? What is the percentage of deals that fall through? How long is the general ho...
William Mogck
VA Loan Transfer to LLC
Good afternoon all,
Looking to transfer the title of my personally owned VA loan to my LLC, using the house equity as collateral and securing a business line of credit as the LLC has no current revenue/product. Let m...
Katy Shearer
Owner Financing
If I want to owner finance to someone who will be rehabbing how would you suggest I give him a break so he can buy materials?Down payment with 6 months free rent? I still have to pay my lender those 6 monthsDecrease t...
Junior Silva
New LLC, business line of credit with bad personal credit?
Is it possible to receive a business line of credit using just your EIN with a new LLC? If so, what steps would one need to take to achieve this?