25 April 2019 | 6 replies
If these lines are unsecured by the property then it's a little different than the typical lender/rehabber type loans out there.
24 April 2019 | 2 replies
So far, I plan to create an LLC in Rhode Island, open a business account and a business line of credit, have all the earning and bills from the short term rentals go into said account, and have the LLC sign a lease on each of our properties (which my wife and I will own under our name) and then transfer the earning after expenses from the LLC over to our personal bank account.
26 April 2019 | 6 replies
I may go the route of having an unrelated party make the purchase via hard money, and purchase it from them a few months down the line, via a conventional 1031.
1 May 2019 | 13 replies
You could still follow through if you have another job lined up and document, but otherwise you're looking at hard money, and you may have some difficulty finding a hard money lender who will lend to you without a job - but again I don't know your financial situation.
29 April 2019 | 10 replies
Bottom line is make sure you study your lease very carefully as there are no “rules” when it comes to commercial leases.
24 April 2019 | 0 replies
We have built business credit through Unsecured working capital such as a business credit cards, lines of credit, and small business loans.
24 April 2019 | 0 replies
Home equity lines of credit and credit cards.
24 April 2019 | 2 replies
I haven’t finished a deal but I’ve been doing deals are looking for deals and then I realize that I have connections with a group of the communities that not many people have connections in and I noticed that they want to sell the property and I have another line of connections that are investors and these investors are pretty much looking to buy every property and they can get their hands on so hopefully soon as I get this property under contract then I’ll finish my wholesale deal for the first one he just got a find your your connection that you have and not anybody else has
26 April 2019 | 13 replies
You aren't getting that on line.
26 April 2019 | 2 replies
@Benjamin Piecenski If I put all three properties under an LLC, can I use the equity to get a line of credit to avoid all the appraisals, environmental, & cost of refinancing each house?