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Updated almost 3 years ago,
Lenders and new LLC
Hello all,
I am looking for a solution to a problem. I am Varun bought couple of long term rentals and two STRs last year on my personal names. This year me and my wife looking to close my primary home which 900k with a 5 % down. My primary home lender disqualified me as they did not take the money came from rentals to offset their payments.
I am looking for lender who can take the income from all my rentals to offset their payments and qualify me for the primary home
I am also looking for advice on how to transfer the rentals to brand new LLC to completely remove these properties from my credit report.
Thank you and please advice if there is any other way to satisfy lenders for my primary home.