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Can you take out a loan in your personal name?
If you take out a loan in your personal name, it's tied to your income. But, if you borrow through an LLC, the loan is asset-based, so you won't have to worry about being disqualified. #shorts
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Bill Fairman and Wendy Sweet, sibling principles of Carolina Capital Management, have a combined 35+ years of conventional real estate sales and finance experience. They, along with President/CEO Jonathan Davis, serve as consultants for investors, guiding them to network with other investors and educating them in locating and structuring transactions. We put People and Principles ahead of Profit--always.
Listen and subscribe to our Podcast: https://thealternativeinvestor.libsyn.com/rss
Visit our Website: https://carolinahardmoney.com
Facebook: https://www.facebook.com/CarolinaHardMoney/
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