All Forum Posts by: Christine Tranchilla

@Stephanie Medellin

Thanks! I'll have to continue my research. I wasn't having luck finding fixes rate loans for LLC but it sounds like they are out there.

@Stephanie Medellin

I agree that rates are extremely low. I was looking at financing through my LLC in order to reduce risk and it seems like ARM's are the only options I've come across aside from quit claiming. This is something I'll be looking into in more detail.

@Todd Rasmussen

Thanks for the advice. I need to do additional research on the pros and cons to quit claiming into my LLC. I've primarily focused on financing through the LLC. Any additional pros/cons that you'd point out when it comes to quit claiming?

Hi Everyone,

I'm just starting out on my real estate journey and have been exploring financing options in St. Louis, MO. I plan to finance my properties under an LLC and currently have two banks offering ARM's. One is a 5/1 ARM with a 25 amortization and lower interest rate, the other is a 3/1 ARM with a 20 year amortization and higher interest rate (1.25% higher). At first glance, it seems like I should go with the 5/1 ARM given the lower rate. my questions for the group are:

1. Are there any other factors I should take into consideration when comparing the two that I'm overlooking?

2. Are there ways to eventually convert these into fixed rate mortgages rather than continually having the ARM reset when using an LLC?

Thanks in advance for the advice!

Christine