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...
Connor Castillo
Buying a home with a personal loan from your own LLC?
Hi,I was wondering if you could get a construction loan with an LLC. Build a home and then purchase that product with a personal conventional or FHA loan?
Mayur Patel
Buying a property under personal FHA loan and renting under LLC
Looking for advice. I am looking to invest in PA. However, getting loans under LLC is very hard in PA. As a result, seeking option to purchase the property with 20% down with a FHA loan. Getting the mortgage under...
Rob Austin
Paying back a loan from my personal account, even with LLC
Have borrowed money from a friend to start a company. Don't have the funds yet to start paying him back, My question,, How can I pay him with my own money, and then reimburse myself back when able through the LLC.
Allen Chiang
Anyone with advice on a SBA loan default with Personal guarantee?
Hello, I business bankruptcy led to a default on a SBA loan that I wrote a personal guarantee on my home to secure. The guarantee is still in effect even though the property is worth less than the mortgage on it, let...