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Updated over 5 years ago on . Most recent reply

David Russell's profile image
David Russell's profile image
David Russell
  • Member since May 16, 2018
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David Russell's profile image
David Russell's profile image
David Russell
  • Member since May 16, 2018
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David Russell
4
Votes |
11
Posts
Buying & Selling Real Estate

I have bad credit my business partner has good credit

David Russell
Posted

I have bad credit and my partner has good credit we formed a LLC together and is planning to start doing the BRRR strategy and eventually get a business line of credit ..how can we get loans and business credit lines with my bad credit?

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Marc Paelo V. Tumamak's profile image
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Marc Paelo V. Tumamak
  • Investor
  • from Irvine, Ca
  • Member since Jul 7, 2019
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Marc Paelo V. Tumamak's profile image
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Marc Paelo V. Tumamak
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  • from Irvine, Ca
  • Member since Jul 7, 2019
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Marc Paelo V. Tumamak
  • Investor
  • Irvine, Ca
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Marc Paelo V. Tumamak
  • Investor
  • Irvine, Ca
Replied

@David Russell hi. We are in the same situation. We established our LLC, me and my brother are owners. However, I have a bad credit and my brother has a moderate credit score. Our barrier in acquiring a rental is the remaining 20%, so we are looking for private lenders that can partner with us. :)

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