Adam Craig
Do any lenders have higher loan limits on personal home buy?
We are looking to move our family into a neighboring city in the next year. Purchase price 400-500K.
With rates as low as they are I would love to do a conventional mortgage and fiance as much as they allow to keep c...
Dennis Powers
Can I attach a multi person LLC to my conventional loan
Can I buy a property with a conventional loan myself, then attach a LLC to the property with my 2 partners? Will the bank allow that? That said if we were to run a business out of that house under a LLC could the ban...
Amber Walker
Advice on a Personal or Small Business Loan to Scale business
Hi Everyone,I'm currently considering taking out a Personal Loan or a Small Business Loan to further scale my wholesaling business. Back Story: I've successfully wholesaled 4 properties in the last couple of months...
Ryan Halford
How to use LLC money from personal account for conventional loan?
Hello all, The following situation is concerning proper accounting and tax code.My understanding is that I can lend via promissory note to my LLC at a reasonable rate (I plan on applying the 10% rate that is charged b...
Scott V.
Friend wants a personal loan @ 20% interest. What would you do?
Short summary of the situation: A friend of mine would like me to loan him approx $32k which he needs as a down-payment for something. I have a pretty good general idea of his financial situation and I know that he ha...
Kelli Tarantino
Cash purchase, adding person to title who will take out loan
My husband and I just purchased a home for cash (because it allowed us to get the best price) in our Rental Properties LLC name. We would like to add our daughter to the title during the closing process, and then hav...
Smrithi Shashidhara
Visio lending rental loan might get reported on personal credit f
Hi We were about to lock in a loan with visio lending for a short term rental(airbnb) investment property and the loan agent mentioned. The intent to go with them was to make sure we this deal doesn't affect our perso...
Anthony Vann
Personal Question: Do you, as investors, ever co-sign on loans?
I just had a deal for one of my clients fall through because she co-signed on a loan for her daughter. She was devastated. With that in mind I just thought I'd ask. Since credit is such a large part of the business, d...
Sachin Acharya
Personal Loan to fund my first deal. Good idea or bad
Dear Experts I'll ask the question first and then give the context so if you are not interested you can stop reading here.Is it a good idea to take a personal loan at 4.74% that I can close in 4 years, and buy a prope...
Jim Kalish
How can I combine personal mortgages into a single large loan
Hi BPs. I hope you will forgive me if I'm in the wrong forum but this is only my second post. I have mortgages on 4 properties, all of which are in my name. I've had these properties for 6-8 years. But I want to e...