Classifieds
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

New investor seeking guidance on business funding and general guidance
Hello All
My name is DaShon English and I am very excited to be here. Just posting this message in this legendary forum is a step closer to realizing my dream. I am looking for guidance in several areas but firstly in regard to business funding.
I have purchased an aged LLC with the hopes of quickly acquiring business funding. ( The LLC does not have any ein or duns number so it has no debt) The reason for me doing so is that I have acquired two lots in a gem of a neighborhood outside of Dallas and would like to build to houses. I have all my cost lined up as well the builder, hard money lender etc. I've also had the initial survey completed.
I do have the reserves to get the project started but I’d much rather use business funding alongside a hard money loan.
The company that I purchased the business from charges a 5% success fee for all funding that they provide, while I don’t think that 5% is a game changer it’s still a fee I would like to avoid if at all possible. After these two houses are built I would like to A. Acquire more lots in this development and B. Start fixing and flipping. I have been reading tons of books and learning every way that I can.
Is there anyone here that potentially has business funding knowledge and can present a better scenario to acquire it but mainly just be mentor and help me with questions and advice from time to time.
I am willing to help that person out in any that is needed. Rolling up my sleeves to help with cleaning out a vacant unit, sales and marketing, or anything that allows me to add value to your business as well. (Even sharing my golden nugget for new builds in this community)
Thanks to all who took the time to read this!
DaShon