In Austin, I know Horizon Bank has been open to more creative financing strategies too, so it’s worth checking with them.One thing to keep in mind is that the terms can vary wildly depending on the institution, so I always recommend reaching out to a financial advisor who’s well-versed in life insurance-backed loans before pulling the trigger.

Over the past 3-4 years, most DSCR lenders have restructured the prepayment penalties to be triggered even with additional payments to principal. 

In this post, we’ll explore the key considerations and weigh the pros and cons of making the switch.Why Investors Use Multiple Carriers in the First PlaceMost businesses start with multiple insurance carriers for a few simple reasons:Cost – When starting out, investors may opt for the most affordable insurance options, which often leads to picking different carriers for different coverage areas.Specialization – Some carriers specialize in certain locations/aspects of the property. 

**Tenant Considerations:**If the property is currently occupied, you'll need to notify the tenants and possibly provide them with the right of first refusal or relocation assistance, depending on local laws.### Additional Tips:- Conduct a market assessment to ensure this conversion makes financial sense.

But, unless you’ve got a unique situation or tremendous wealth, like enough to trigger an inheritance tax, it MAY fit your needs at a very reasonable cost. 

@Ross KaneThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

If the decision to purchase materials is trust related than that is a red flag and should likely eliminate the GC from consideration.

-We`ve said before that we are okay with smaller breeds dogs, and as to medium and larger size dogs, it will be up to the case/ open for considerations.

The lots themselves are located on a State Owned and Enviromentally Protected Lake, would there be extra considerations made?

@Chris Seveney, that is a consideration as well along with perhaps note investing.