Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Sequence for LLC + Refinancing
Myself and 2 partners own an investment property in Colorado. We would like to a) transfer the deed to an LLC and b) refinance, preferably under the LLC's name.
Currently this is rented as three units to three tenants. Should we create an LLC, transfer the deed and begin payments to the LLC in order to begin an income generating history? How long would we need to do this before banks will consider the income worthy enough to put on a re-fi application?
Any intel is greatly appreciated! Thanks!