All Forum Posts by: Alexander Hamilton

I'm in the final stages of rehab on a BRRRR property which I paid cash for and am looking for some advice on pursuing my refinancing options. Unfortunately my credit is not good enough for the refinancing aspect of the deal so I'm opening an LLC with my business partner for this and future properties. I heard that it will be nearly impossible to get traditional financing with an LLC, is this accurate? If so, what is the best way to add my partner to the deed to get the refi? And then transfer ownership to LLC prior to renting out? I heard the banks might have an issue with this as well. Keep the property in both of our names through out the entire investment? Then I'm vulnerable to lawsuits. Not sure how to structure my future moves and will be grateful for the advice. Thanks

@ Josh Caldwell please add me as a guest and I will be at the next meeting. Please provide all the details and location. Thanks

I am also looking for a solid lawyer in Pittsburgh, any referrals?

I'm finishing up my first flip in Pittsburgh and am looking to transition into some BRRRR opportunities. I would love to develop some more local relationships so I'm looking for all local Reia. I signed up for SWIG already, any others? Thanks Alexander

@Michael Smoczynski, thanks for the advice I was thinking 20% was fair and still gives him decent skin in the game

Using his credit to finance with 20% down. I have been a cash investor in the past due to bad credit

@Michael Smoczynski I am still in the negotiating stage of our partnership. I have $160k cash and have extensive flip experience. I'm looking to get into the rental game and feel that leveraging my 160k instead of paying cash for 5 properties in the Pittsburgh market is a better option. And he's not asking for 50% I just want to see what your thoughts on a "fair" structure.

What percentage should I give my business partner if he is only used for credit purposes. He brings no cash or labor to the table. I'm not sure how to structure our partnership but I know he doesn't bring 50% value to the table. Please share your thoughts. Thanks

What percentage should I give my business partner if he is only used for credit purposes. He brings no cash or labor to the table. I'm not sure how to structure our partnership but I know he doesn't bring 50% value to the table. Please share your thoughts.

Alex Deacon please send me you contact info and I'll be in touch. Thanks