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Looking to get into real estate in near future, but I know I need to clean up some my personal finance first. I have about 15 to 17g in school loans, smaller loans, and cards altogether. Currently paying on all of the...
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I signed a note with an individual and then used all the loan proceeds as a down payment on an investment property. I have recently paid this off in full, including all interest due and am wondering if there is any w...
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My wife and I are going to be searching for a home very soon. I've been investing in real estate for about five years now and feel comfortable representing ourselves. That being said, I anticipate it may be difficult...
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Hello,
I have heard when applying for business credit, such as a loan in the name of an LLC, that personal income isn't as much of a factor as much as your business and personal credit profile. Is this true? Can you ...
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Hi all. I'm wondering what you guys think about using personal line of credit to put downpayment on my next rental. Does it make sense to use cashflow from the property to pay off credit? #ASKBP
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This is my first post as a member here on bigger pockets. I was hoping to get some general information that could help me purchase my first rental unit. I have been interested in rental units for a few years now and I...
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I am currently building a plan to start my REI business. I am curious as to what are people's opinions on debt, emergency funds and cash reserves before getting involved with an investment property? I think credit car...
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A friend of mine is buying his home all cash. For the purpose of asset protection (protect against frivolous law suits Ect) -- Should he put it in an LLC?
Because it's not technically ran as a business, would this...
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Hi all,I currently hold personal mortgages for properties that are deeded to a sole ownership LLC. Ideally I would have the mortgages held by the LLC, but as most of you know, that would be a commercial loan and would...
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Hello Bigger Pockets Family!I would love all feedback as I have been battling with a decision that I could use other insight on.I currently own a single family Property that I have a commercial loan on in my business ...