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Updated almost 5 years ago,

User Stats

63
Posts
205
Votes
Karam A Tascoe
  • Bluffton, SC
205
Votes |
63
Posts

Refinance or HELOC with an LLC

Karam A Tascoe
  • Bluffton, SC
Posted

Hello BP family,

I currently own two investment properties free and clear. One is a duplex and the other is a SFR. I have an opportunity to purchase 4 additional properties from a fellow investor that has recently turned 80 and is ready to liquidate. I am thinking that I can leverage one or both of my properties as collateral to acquire a loan for the 4 without a 25-25% down payment. Or should I transfer the rentals to my LLC and cashout refi/HELOC to acquire the down payment? Lastly, will I be able to acquire a loan in my LLC's name considering my personal DTI is probably going to be out of whack with this additional loan.

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