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Updated about 5 years ago on . Most recent reply

David Hull's profile image
David Hull's profile image
David Hull
  • Contractor
  • from Fort Collins, CO
  • Member since Aug 24, 2020

User Stats

7
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1
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David Hull's profile image
David Hull's profile image
David Hull
  • Contractor
  • from Fort Collins, CO
  • Member since Aug 24, 2020
David Hull
  • Contractor
  • Fort Collins, CO
1
Votes |
7
Posts
Starting Out

Business loan to fund LLC or hard money to fund deal by deal?

David Hull
  • Contractor
  • Fort Collins, CO
Posted

Is it better to use a simple interest business loan with a 48 - 74 month term to get started or use hard money to fund deal by deal? I am a newbie and working on my first investing deal. It just seems counterproductive to pay monthly interest without the money at work but is there any tax advantages by having an LLC?

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