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
Real Estate Investing
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!
Cash Out Loans: Investor FAQ
Want to see questions 1-3 from this real estate investor? Click the following links to see our past blog posts answering some very important questions. Questions 1 - 2, Question 3. Question 4) I hear interest rates for cash out refinances are higher in comparison to purchase and non-cash out refinances, is this true? Yes and no. Yes in that all initial loan terms, mortgage interest rates and lender fees are determined based on the risk assessment and the individual type of the loan
Ready to Invest? Your Cash Out Loans Questions Answered
Read our previous blog and next Blog post on this real estate investor’s questions 1, 2, 4, and 5 (include link to last and next blog post). Question 3) Am I better off obtaining a Conventional loan from the beginning or is it best to get a Private Money Loan first and then convert it to a Conventional loan once the property renovations are complete and the property is leased? Let’s look at the numbers and determine our answer, specifically the amount of money you bring to closing and the
Investor FAQ: Your Comprehensive Guide to Investment Loans
Investor FAQ Paul Lamnatos 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
