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Updated over 3 years ago,
Looking for Portfolio Lender that would work with LLC in Indiana?
Hi all,
I'm newer to REI but have managed to obtain a duplex with a partner. We purchased the property cash. The property has been rented and has another year of contract signed. We were planning on putting the property under our LLC. I don't mind waiting the 6 months seasoning period but so far, all the banks that I have contacted, don't want to refinance if it's under LLC. Does any one else run into this problem?
Are there anything I could do? How do other investing companies buy, and refinance their properties?
Does anyone have any suggestions for banks, credit unions or any other institutions that they could recommend?
I would appreciate any help. Thanks