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248: Rookie Reply: Do You NEED an LLC for Rental Property?

Real Estate Rookie

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Is There Anything That Prohibits You From Buying More Real Estate?

I have a line of credit with e-trade and we use that to fund some of our real estate stuff. It's really how the bank mitigates their risk when they lend this money to you but like you said the interest rates are so incredibly low and that stuff it's almost like free money. The 401k piece yeah it sucks that you're pulling your money out and you're not gaining on that but it is also better than taking those penalties and like just pulling that cash in.

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