For example, last year a friend of mine was able to secure a line of credit through a regional bank in Phoenix..

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

He moved in March 14, 2023 so this will be his first payment after initial rent and security deposit were paid by cashier's check.Thanks in advance!

Many sites do syndicate MLS data, but it's much more robust for active listings and a large fail for closed statistics.

Megan, Not sure if I can help you exactly, but a few items that might help: 1) As you are out having conversations with potential private money lenders, you can start the conversation about "Did you know you can use IRA, or old employer 401k funds to make private money loans, secured by real estate?"

Even though these expenses are rather low, it's important to compare them to the advantages the LLC offers.Umbrella Insurance: An alternative to forming an LLC for asset protection is obtaining a robust umbrella insurance policy.

Security Deposits:The property management charges tenants a "move-in" fee rather than a security deposit.

I earn around $15k/month from my business, but my income is somewhat variable, which might make securing financing challenging.

Just a lot of systems, paperwork organization, and staying abreast of/within the law (required notices, addendums, etc.).3) The screening criteria we use:650 credit score or aboveIncome 3x the monthly rentNo pets (depending on the property)No smokingNo evictions, notices to comply, or money owed to landlords in the past 12 monthsProof of income and financial responsibilityAdditional:First, last, and security deposit due at signing750+ credit score does not require last month rent (helps incentivize quality tenants)Best of luck!

They own a note secured by the property.I think you are convoluting equity investors and the typical terms and structures provided to equity investors and private lenders.Think of your "investors" as the bank.