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I was told when talking to guru's that when buying an investment property, to make sure that it is purchased as an LLC and insured as one as well. From my research (NJ), no bank will lend to an LLC (meaning I cannot ...
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When first starting out do you guys get a loan under your personal credit or LLC and if you go personal how do you go about transferring it to the LLC later if there is a due on sale clause?
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Hello everyone, me and my partner are just beginning the business and our first step we want to accomplish is to find either private money lenders or hard money but we don't know where to look. Where, from your person...
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Hello BP community. Does anyone know where we can get a HELOC on rental houses that still have mortgages on them? I would like to pull some equity out of a couple of rental houses in the form of a line of credit. O...
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I have been thinking about starting a self directed IRA to save up for future Realestate investments. Does anyone have experience using self directed IRAs? What are the pros and cons?
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So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can s...
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So, Will Barnard suggests using a trust for wholesale transactions in the BP summit audio. He mentioned that he would be the trustee and the end buyer would be the beneficiary. This is the only place I have heard of...
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I have started to shop around for a new investment property to add to the portfolio but wanted to be sure that I had a clear understanding of what my down payment would need to be. Below is an outline of what we have ...
Is there a way to get fix and flip loans that are purchase + rehab under $50k AND rural? This is proving to be difficult. I am specifically looking in the Ironwood Michigan area!
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Hi everyone,I had a question on what type of information a lender usually requires from a borrower to evaluate his/her credibility. Is there a sort of checklist of docs/information that is necessary before applying to...