All Forum Posts by: Trent Guillory

@Laura Casillas and @Aaron Gordy thanks for the info! I believe I've been unintentionally looking into hard money lenders without knowing the term for them. Glad to hear this is one of the most common ways to fund. 

I'll definitely seek out a CPA to make sure I've got things in order. 

Hey everyone, I'm new to RE investment in general, but I'm trying to get started on the right foot. 

My plan is to invest with the BRRR model. Ideally taking out a short-term loan to purchase and repair the property, then refinancing with better terms.

But the first matter of business is deciding the best way to take out these loans - should I take them personally or put together an LLC? I understand this decision affects my own financial exposure, my ability to acquire loans in the first place, and likely taxes.

One potential issue I see is that a brand-new LLC won't have any income, assets, or business function. Meanwhile I've got plenty job history personally that would make lending simpler.

If you have personal experience in weighing these options, I'd love to hear your thoughts.

Appreciate the help.