You can form an LLC, which is what I would do, but you are going

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Oct 23, 2014
10:44:01am

RalphWiggam

You can form an LLC, which is what I would do, but you are going

To need to provide personal guarantees for the loan.

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RalphWiggam

Bio page: RalphWiggam
Joined: Feb 3, 2005
Last login: Jun 15, 2024
Total posts: 33,406 (2,184 FO)

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Messages

Author

Time

A question about purchasing investment properties, for real estate & finance

IrishBlue

10/23/14 10:31am

sounds like a good way to ruin a lot of neighborhood friendships

BYUCoug11

10/23/14 10:34am

Perhaps. Perhaps not.

IrishBlue

10/23/14 10:37am

You'll likely need the loans to be in your name(s).

mulletino

10/23/14 10:34am

Thats what I suspected might be the case.

IrishBlue

10/23/14 10:37am

Your sig pic seems appropriate for this proposal.

kccougar

10/23/14 10:36am

Try forming a REIT

donnerstag

10/23/14 10:37am

Find some partners with money.

dratax

10/23/14 10:40am

Potentially that many.

IrishBlue

10/23/14 10:51am

Check into self directed IRAs

10/23/14 11:45am

Just follow what everyone else is doing, rent your house out and move to a new

agentbb007

10/23/14 10:41am

^^^^ Just let it go

10/23/14 10:48am

If the LLC is the borrower with no prior credit history or assets, the members

mncougar

10/23/14 10:41am

The lender will want recourse if payments aren't made

donnerstag

10/23/14 10:45am

You can form an LLC, which is what I would do, but you are going

RalphWiggam

10/23/14 10:44am

I'm not entirely sure what your goals are, and that's a problem

10/23/14 10:44am

The goal is to stem the encroachment of student rentals in the neighborhood.

IrishBlue

10/23/14 11:01am

investment properties typically require a lot more than if you were to buy

IndependentGeorge

10/23/14 10:58am

Sounds like you should move to a subdivision with an HOA.

SanFran

10/23/14 11:03am

No, we are not that anal. You would have to live in the neighborhood to

IrishBlue

10/23/14 11:04am

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