Hey guys, I have been successful getting lines of credit on my rental properties (Some under my LLC & some under my name) for single family homes I have tenants in. However the bank I typically get these lines fro...
If I would like to build credit for an LLC and I am currently financing my RE deals with private money, any suggestions on what steps I should take? I would like to eventually have all by transactions under the LLC.
Hi BP world, if my wife and I are diligently saving around 1/2 of our paycheck for 20% down SFH deals (total of seven is the goal- two down, five to go), we may find ourselves low on personal reserves from time to tim...
Is obtaining business credit a good way to acquire property?
I am a new landlord, as of December 2018. After a few months of being a landlord, I feel confident in expanding my business to a couple more properties. However, like most new investors, getting financing is a chall...
Hello everyone.
I am a first time investor in NY, investing in NJ.
I got approved for some amount of business credit a few days ago, and am working on a small rehab project.
This is the term that I've got, the tot...
Hey everyone, I was talking to a local investor and he suggested I open multiple LOC's before building my investment portfolio so I have access to money for renovations with properties in the future. He suggested doin...
Hello all, newby here. I have established an LLC and I'm looking to establish a line of credit for my business in order to acquire real estate. Is there anyway to do this without using my ssn and just leveraging my ei...
Ok, here's the scenario. I am married, and file my taxes jointly, but am the sole income earner. I have 9 rental properties all 30 year fixed conventional loans. My wife is not a signer on the loans, but on title of t...
Recently, I have decided to try and fund my next property using the line of credit. I have $80k in LOC the interest rate is 9%. I would like to take out a mortgage on the property six months after purchasing it. ...