All Forum Posts by: Aaron Beauchamp

@Richard V. Great question! You can set up a LLC and purchase property as an entity. I would recommend not doing this until you have maxed out the 10 mortgage limit, because Like Jason said above the entity can only do commercial deals with rates and terms that are not as competitive as residential mortgages.

@Brian Alfaro We issue draws based on when the work gets done. So if you have a draw for demo we would send an inspector out to look at the demo work then once approved we issue the draw. It takes about 2 business days to get the money once you tell me the work is complete and approved. Hope this helps!

@Preston Quinn Your loan officer should have a preferred insurance agent in his back pocket.

@Moe Soliman Just looked it is 5.75% for investment. Sorry misread.  

@Moe Soliman It looks like its around 4.75% as of this morning 

@Ryan Hansen Yes, this happens and notes become due I have seen it. 

@Jason Lint This may cost you more in the long run and depending what your rates are now, assuming that you currently have a 30 year fixed, you may take from a good chunk of cash flow. Could be wrong depending on the numbers but its generally not something I advise people to do if they are in a good 30 year already.

@Jaran Ramsey Yes, a LLC has to close under whats called a bank deal or commercial deal. they are typically a 20 year am with a 5 year balloon. Doing it in your name with a 30 year fixed will bring the best cash flow.

@Brandon Yuan I'd love to run the numbers on this one and see if we can get you financed. 

@Brendan Flannery I'd love to help out. I'm here in the Houston area if your looking to talk about putting a deal together.