As you might know, business banking has different standards than personal lending. Today’s first caller asked, “what’s the best way to get funding within an LLC? That’s the first question I’m answering on this Q&A episode!
Today’s episode covers three of your great questions on getting funding in an LLC, buying turnkey rentals out of state, and using a VA loan to buy rental properties. Click play to hear my answers to your questions on this episode of Investing in Real Estate!
On this episode you’ll learn:
- How to get funding in an LLC.
- The best way to buy rental properties out of state.
- What to consider about using a VA loan to invest.
How to Get Funding in an LLC
There are a multitude of ways to get funding for your LLC. Personally, I’ve used private lending partners like DLP Capital in the past. Another option to consider is a small business loans (SBA). You might consider self-funding through retirement accounts or crowdfunding through your local real estate meetup groups or check out LendingTree. These are just a few options! The sky is the limit when it comes to real estate funding options, so I highly encourage you to shop around and find the best product for your personal situation.
The Best Way to Buy Rental Properties Out of State
At Morris Invest, we consider our process to be a step beyond turnkey, because we are passionate about providing high quality customer service. We build single-family and duplexes in the best rental markets in the country. We set our clients up with property management companies, and our customer service team is also always available. Having support is invaluable if you want to invest out of state, and that’s exactly what our solution provides. You can schedule a free call at morrisinvest.com.
What to Consider About Using a VA Loan to Invest
A VA loan is a mortgage offered to US military members through the Department of Veterans Affairs. This type of loan typically has favorable terms when it comes to things like interest rates and down payments. If you want to use this type of loan to invest, there’s one big caveat: you have to live in the property. You could technically buy a duplex with a VA loan and rent out one side. If you’re interested in learning more, check out this book: Military House Hacking.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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