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Updated over 2 years ago on . Most recent reply

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Vicki Figueroa
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Own 1 STR how to strategically add to my portfolio

Vicki Figueroa
Posted

I live in NY & own a STR in FL as a 2nd home. If I want to add another STR to my portfolio, what is the best way to fund the purchase if I won't be approved for another personal mortgage. Should I put the current property in an LLC or a trust or other? Current home has increased in value by $75-100,000 which is probably what I would need to go to closing with on another property where I am looking. Thank you

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