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Updated about 3 years ago,

User Stats

29
Posts
18
Votes
Steve Hyzny
Pro Member
  • Investor
  • cedar lake, IN
18
Votes |
29
Posts

Help to BRRR from personal loans to company (LLC) loans

Steve Hyzny
Pro Member
  • Investor
  • cedar lake, IN
Posted
I have been lucky so far to have a slow but steady plan to grow my real estate, but I am now having an issue.
I think I'm headed down a good path but could use a good resource for the next step.

I have 7 properties, 5 in my name and 2 I bought in my LLC's name.

I used a Heloc on my house to buy two rental properties so I was able to buy them in the company name. I have credit services with Home Depot and Menards in the companies name and have a D&B number and have over a year with the LLC.

I now would like to refinance the 2 houses in the company name to build company credit. I would like 75K out of 130K house and 100K out of 150K value house to pay off the heloc and put the loans on the right properties.

I am looking for advice on the best place to go for the loans. Is a local chain bank a good place, local credit union, local savings and loan, a broker? What path to finance in the company names should I try to follow?

How did you get loans in your company names to build future credit?

Thanks for any help.
  • Steve Hyzny
  • Loading replies...