Hey Account Closed welcome to the community!

So, I use it to close cash in a few days and then refinance the property, or fix and flip it.

Two years ago; my wife and I made the choice to move to New Orleans in the hopes of creating an airBNB within that city.

We are closing the deal next week 5/3/2024 I will make 19k.

This deal is close, but no cigar based on these numbers.

We've got a lease in our current rental that goes through July 23rd but just closed on our property last week.

I would like to start working on a current project I have been trying to close off buying raw land in the center or Weslaco City to potentially subdivide and build.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want and just pay the balance + interest vs cash out where you have to draw all the money after closing. 

I encourage all my clients to form an LLC when they purchase and close under it.  

Ultimately, the choice will depend on your goals.