4 November 2015 | 24 replies
I keep a spreadsheet of who will lend to LLCs and here's who I'd recommend:Servis1st BankCB&TSunmarkColony BankHere's some more that I haven't gotten around to asking yet:Heritage Bank of the SouthAmerican PrideState Bank & TrustMidSouth Federal CUBB&TAnother option is to put the building in your personal name and get a conventional loan....but then you are opening yourself up to all kinds of personal liability (times 10 since there are 10 units).You could also start asking about a regular business loan.
18 December 2015 | 11 replies
., they give me $50,000, I pay them back at ~7% apr, like a regular loan.
28 May 2019 | 3 replies
When we built our house, we used regular sheet rock in the bathrooms.
11 June 2024 | 6 replies
Pay down balances regularly to keep your utilization rate low.12.
26 June 2024 | 6 replies
Coach Carson talks about the small but mighty investor and how you're way ahead of non-RE investors with a few solid appreciating properties3) If you haven't done this already put your money into high yield savings account so your cash reserves can grow 4 to 5% not a regular savings account earning 0.1% interest.
31 May 2022 | 10 replies
The coffee with investors is the one that I make it out to the most regularly, but they're all solid options!
12 June 2024 | 24 replies
They provide all of the same benefits of regular ownership including 1031 exchanges.
8 January 2015 | 35 replies
My concern would be in the fact that they operate an hour away, and every time there's an issue, they'd have the barrier of distance, and so would their contractors that they work with regularly.
12 November 2014 | 0 replies
(Not for regular practice however upon finding something's wrong with the house during the inspection period.)Thank you advance!
3 May 2015 | 71 replies
Those of us that use them regularly don't have a problem with them.