Domingo Santana
Loan without enough references o credit for a newbie in US.
Hello,I just moved to Orlando from Dominican Republic. I am allien resident since 2013 but I have low references and credit history in US. I bought an apartment here in Orlando in Janurary/2014 and rented it. This ...
Nicholas Z.
Best way to use a line of credit for real estate
I discovered I could get access to a couple lines of credit recently, so I went ahead and opened them. Then I realized I wasn't quite sure how to use them to invest in real estate. From my research, it seems like the ...
Takiyah Riley
Using personal line of credit for down payment on rental property
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Nate Moross
Tax question for using a line of credit for down payment
Hello. If I use a line of credit for a down payment on a apartment complex when i buy it and start getting cash flow and i use some of the cash to repay the line of credit what tax issues would i face?? Feedback is ap...
Kevin Jung
How do you use LLC properly? Business credit for Series LLC?
I apologize in advance for the lengthy post. A little background: I own 2 rental properties in TX. Both are under my name, and not in an LLC. (I don't plan on getting them under an LLC right now.) Anyways, I created m...
Account Closed
Using Business Credit for Proof of Funds for Hard Money Loan
Hello, I'm currently going through the process of attempting to open 0% business credit cards to hopefully potentially use as the downpayment to qualify for a hard money loan, to then use that hard money loan to purch...
Francis Faucher
Best way/best bank to build credit for foreigners with ITIN
Hi everyone,I’d love your opinion on the following. I’m a Canadian who obtained his ITIN in the end of 2023. I’m looking for the best ways to build my FICO score.Most likely, it will be a secure credit card, but do I ...
Malico Watson
How do I secure a line of credit for new construction
I am a real estate broker in Florida and in Wisconsin and I own a construction company in Wisconsin and I am interested in building new homes and selling them. I have a buddy that is in mortgage but unfortunately we a...
Junior Joseph
Home Equity line of credit for renovations for a new purchase
Hello everyone! I have a quick question I recently purchased a Co-op in the NYC area. I wanted to take a equity line of credit out to do a full renovation, currently the apartment needs a full gut and looks very out d...
Brian Gibbons
Getting Busted in Ohio for Wholesaling and Praticing RE without a License
Read Ch 4735Get a lawyerGet licensed and do wholesaling in OH02 July 2014http://www.com.ohio.gov/documents/Fall10REdiscipline.pdfLYNETTE S. MALY, Twinsburg, Ohio, was found by the Commission to have violated RevisedCo...