There are many reasons and benefits to create an LLC, which stands for Limited Liability Company. Creating a limited liability company comes with important tax benefits and limited personal liability, which is attractive to so many businessmen and women. In fact, most people don’t know that it’s a pretty simple process to submit for an LLC in Texas. Your best friend for all questions regarding submitting an LLC in Texas is the Texas Secretary of State. They provide an abundance of information
Archives for December 2020
Net Zero Interest: How to Borrow Private Money
What does “Net Zero” mean? In most everyday applications of this term, it is within a discussion about greenhouse gasses, and the push towards achieving a perfectly even balance between emissions produced and emissions taken out of the atmosphere. Some would say achieving Net Zero is the goal towards achieving a healthy atmosphere and stable planet. So, what does Net Zero have to do with interest rates, and more specifically private money interest rates? First, let us define “Private
The Draw Process: What You Need to Know About Construction Loans
The Draw Process, the single most important factor associated with your real-estate investment. Your first thought is probably interest rate or maybe even lender fees, right? What about term of the loan? While these items are particularly important and can make or break a deal, they are all negotiated prior to the loan closing and the lender will not hesitate to tell you. While expecting double-digit interest rates, plus origination can seem like all that matters, there is more to consider!
Don’t Miss Out: Take Advantage of Historically Low Interest Rates
We are currently seeing historically low interest rates, but there are still some homeowners out there who aren’t interested in refinancing and taking advantage of these low rates. Why wouldn’t you decrease your interest rate instead of settling for 4.25%? For some, this might sound strange. Million of Americans have looked to refinance existing home loans to take advantage of these historically low interest rates. At the time of writing this blog, the average 30-year fixed mortgage for a
E-Recording Your Home Closing: Why It’s Important and How to Do It
One of the most important things after you close on a home is making sure you record items like a Deed of Trust of Assignment of Rents, almost immediately. This lets the state and county know that you are the owner of said property. 1A decade ago, you would have had to drive to the courthouse, locate the recording division, and wait for someone to assist you in recording your document. Not to mention you would need a check to go along with the number of pages you are filing. But these days you
Get the Best Deal: Why You Should Shop Your Lender
I love my sister-in-law, I truly do. And when she asked me what to do to ensure she gets the best mortgage loan terms, my answer to her was pretty simple. Call me sis, we’re family, I’ll make sure you’re taken care of. Her reply was priceless leaving all of us laughing. I get that and I have no doubt you will, with this said, how do I make sure you are giving me the best deal and how can I double check the loan options you provide? What a