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Updated about 4 years ago,

User Stats

23
Posts
3
Votes
Nathan Mount
Pro Member
  • Chicago / Northwest Indiana
3
Votes |
23
Posts

Want to Refi, move from llc to personal

Nathan Mount
Pro Member
  • Chicago / Northwest Indiana
Posted

I have a rental property in my LLC (partnership) financed with a commercial loan. I want to refinance with a personal mortgage to boost our monthly income. What are my options? I've read that I could deed the property into my name, refinance, then move the property back to the llc. Am I correct in this line of thinking? Should I talk to a real estate lawyer first, or my cpa? Do I start calling lenders after that?

Thanks in advance.

  • Nathan Mount
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