All Forum Posts by: Silas Carter
Silas Carter has started 1 posts and replied 1 times.
Post: Need advice: How to take equity out and expand in Austin.
- Cedar Park, TX
- Posts 1
- Votes 0
Hi. I'm new to the community and hoping to learn from all the experienced investors on the forum. My wife and I have 3 properties in the Austin and we are looking for the best way to expand. We have an attorney we are working with for a Series LLC, and a local banker that is ready to assist with financing. What I'm missing is the best strategy; I would really like to get another small multifamily and my wife wants to attempt a vacation rental in Colorado.
Do we continue to just buy personally and move into LLC's or do we start commercial lending? Do we Refinance our existing properties to get the equity out or just borrow under the LLC with a personal Guarantee?
We have a ton of options but i'm not sure about where the traps are...
Current Properties:
- Duplex- Cash-flow Positive ~100k in Equity
- Single Family- Cash-flow Positive ~200k in Equity
- Single Family- Current Residence ~100k in Equity
Thanks for your time.
Silas