Updated almost 13 years ago on . Most recent reply
Source of Refi for Rental Props in Entity
We have completed approximately 13 Flips & ready to venture into Buy & Holds but would like to understand the process & find resources to assist our Entity in starting the B&H in Indianapolis!
We have spoken to one lender who suggest we buy in our personal name instead of our specialized 401K (IFinance). All of our Flips have been purchased through an Entity & would like to keep our biz separate from our personal.
Since we have been in Flipping Biz for 3 years, thought we could create a line of credit to purchase these B&Hs but Banks have made it very difficult to have a line of credit. My research is just beginning to find resources that can assist us to start the B&H process.
We thought we'd buy the first one with Cash then Refi to purchase the 2nd, 3rd & so forth!!!
Can Anyone recommend a good EBook on the process of Buy & Holds?
We figure this is the road to wealth!!
Thank you in advance for all your assistance!!!