Justin Chan
Pros and cons of cross collateral loans
I have a mixed use building with an fha loan that has at least 100k of equity. I have been trying to figure a way to use the equity for another investment property. But a heloc with a mixed use is impossible. Also do ...
Brandon Stiles
Building line of credit for LLC?
I'm working on my plan to start flipping houses and I figure if I can work my way up to a $300k line of credit for my LLC I can fund 2 rehabs at once and cover carrying costs without having to use my own cash. I have ...
LaMiracle Schaefer
Can I use my LLC as the Landlord for a property personally held?
Hello BP Community,
I am in the process of filing my LLC. I currently have a property that is financed personally. I do not want to transfer ownership to avoid the bank possibly initiating the due on sale clause. Ho...
N.A N.A
Establishing Business Credit
Hi,
I plan on starting my own business in about 5-7 years (HVAC/Electrical Service and Installation). However, I was wondering if it would be a good idea to create the company name and establish the LLC sooner, so I ...
Joshua Boyce
HELOC under LLC or Personal?
Hey Everyone,Complex situation here (or maybe I'm just making it complex). I'll try to get the main details quick.I own a house free and clear in an LLC. I have family living in the house and I don't charge them anyth...
Pete Fiannaca
Need Advice... Buying a vehicle as a business expense
Hey folks -
Would love to hear from those who own vehicles that are considered business expenses. Jumping from 1 to 5 units soon and I will be buying a used truck to have on hand for building materials, appliances, ...
Thor Camargo
Investment Allocation Question
So I have 3 rental properties in central Illinois. 1 has a mortgage on it. I'm selling one of those 3 tomorrow and can just use the proceeds to pay off the mortgage on the third and pay off the mortgage - leaving me w...
Samantha Kincaid
Bank Account per Property?
Should we set up one checking account per property?My husband and I purchased our small single family a few years ago. We are in the process of purchasing a duplex with additional rented storage space where we will mo...
Antea Alexander
Is it worth it to be a LLC?
Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
Brian Stolarski
need input
i am buying a home with an 80/20 zero down.
when i sell my residence i will have @ 65,000 cash.
i am wanting to begin a new career in re investing.
should i pay down the loan or use the cash to leverage properties.
i ...