All Forum Posts by: Misael Carlos Vera

@Amy Loftus. I'll have to read it! Thank you for the advice.

@Christopher Smith. Thank you so much! My options for financing really open up if I buy things without an LLC and now that I'm learning a lot of asset protection methods, I think I have a couple more ideas for financing my first property.

Again, thank you.

@Kevin Lanphear. That's what I'm learning! Also if I can avoid taking a commercial loan, I'll be able to get a residential mortgage with a lower down payment and interest rate. I shouldn't have assumed that I needed an LLC.

@Michael Noto. Haha got it! Thank you for the advice.

@Jaz McWilson. I'm the exact opposite. I have good credit but no funds. As a buy and hold investor I have 3 options.

Wait to save funds.

Partner with someone to cover the down payment/closing costs (or partner with people to buy the entire property)

Buy with a hard money lender, rehab, rent, and then refinance for a better long-term financing loan.

Similarly, these options are open to you whether you're a flipper or a buy-and-holder!

Reach out if you have anymore questions!

@Michael Noto. I'm starting to realize this! I've been calling lenders and when I say that I'm buying under an LLC, they transfer me to their commercial team who has way more expensive loans.

Are you saying that it's possible for me to buy investment property using a residential mortgage?

@Christopher Smith. What do you do for protection then?

@Dillon Dale. Thanks for the advice! I have a great CPA who invests so I'm sure he would be learned on the subject.

@Darius Ogloza Got it! Any reason why you go that route instead of LLCs?

@Christopher Smith. I like the confidence! I'll keep that in mind. Just curious though, have you ever been sued by a tenant/buyer?