Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

24
Posts
35
Votes
David Bruce
Pro Member
  • Flipper/Rehabber
  • Kailua Kona, HI
35
Votes |
24
Posts

Converting an LLC private loan to a Conventional in Hawaii

David Bruce
Pro Member
  • Flipper/Rehabber
  • Kailua Kona, HI
Posted

I built our personal home with private money at 10% interest only in my LLC in Kona Hawaii. We are putting 200k down and borrowing 900k. The home is worth about 1.1M. My question is what is the most effective way to Quitclaim from LLC to Personal and should I borrow less because there is equity already since I have 200k to put down.

Is there any advice on converting to quit claim and avoiding closing costs.  Would this be considered a NEW PURCHASE or REFINANCE?  What avoids the most fees. Mahalos!

  • David Bruce