Question: Should I buy this particular investment property with Private Money financing and then refinance to a Conventional loan or obtain a Conventional loan from the beginning? What is my best option? I am interested in a particular investment property and am thinking of using Conventional financing rather than buying it with cash or a Private Money loan. The property is in good shape with the exception of the floors that need to be replaced and the house repainted, all pretty
Real Estate Investing
Investment Properties: Remember These Essential Tips
LLC Creation: A Step-by-Step Guide and Why You Need It
How And Why To Create An LLC In Texas 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.
Refinancing with BRRRR: Everything You Need to Know
If you have been following my blog series, you know we’ve already discussed a multitude of various items in term of lending and what it looks like. Most recently we laid out a case study breaking down how the right asset-based loan can work and enhance your ability to buy and renovate your investment property. “Hard Money vs Private Money” walked through Jim’s four-month journey and the importance of finding the correct lending source for your projects. Now we are going to take a peek into
Private Money vs Hard Money Loans: Which is Right for You?
Hello again fellowinvestors! With the explosion of the “Asset Based Lending,” there is so much built around the theory of using other people’s money to invest. This process can be applied to Fix and Flips or Buy and Holds. You will want want to have your planned exit strategy in place prior to embarking on a specific property, or loan options. My team and I have come across many questions on the process of borrowing in these scenarios and what it looks like from a cost perspective when
Creating an EIN: A Simple Guide for Small Business Owners
You have created your LLC, now what? Now it’s time to apply for an EIN. What is an EIN? EIN stands for Employer Identification Number and is a 9-digit number specifically used to determine identification. It is also used for tax purposes. How To Apply for an EIN? First, you’ll want to visit the IRS website for EINs. It is broken down into three easy steps: Determine Your EligibilityUnderstand The Online ApplicationSubmit Your Application Please note, since you have created
