Here is what I’m pondering: With the commercial line of credit The interest rate is variable over the 3 year termThe interest rate would be 4.75% (prime + 1.5)The rate could go up when interest rates start to riseIt would cost me about $1500.00 to do it I don’t have to take it out of the LLC because its commercialIt is with the bank that did with the original mortgageIt would not show up on our personal credit report (unless there is a problem)With the refinance It would cost me about $3000.00 to do itI would have to quitclaim it out of the LLC for a time (2-4 weeks while the county files it) and then back into the LLC (another 2-4 weeks)We would get 70% LTV...possibly 65%My monthly payment would go up The interest rate is fixedMy rate would be 3.000% (15 year term)Its with a new bank that has no problem being secondI am not sure what would make the most sense.

Hey guys,So me and my wife have been perusing the site for awhile, while we ponder buying our first investment property(ies).

I have been pondering the idea of REI here locally.

Feel free to get in touch - I have a few ideas that you could ponder on!

To review, good practice is to use a corporate entity with liability insurance, keep it up to date, don’t co-mingle personal funds or the entity will be disavowed for asset protection, secondly, use single-asset entities to avoid one problem wiping out all your assets, and third, incorporate trusts for an added layer of privacy from greedy sharks looking for a fat kill.Something to ponder: Trusts are Personal Property, real estate is Real Property.

Those are things to ponder, I probably missed something. 

This question is one I've been pondering after considering what my next steps are in growing my own house flipping business.

I am pondering between a mortgage or continue through margin.  

- a question I have pondered once or twice. 

I suppose most see this as a curse and I've continued to ponder the topic since that never really sat well with me.