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Updated almost 5 years ago on . Most recent reply

User Stats

82
Posts
23
Votes
Navid A.
  • Rental Property Investor
  • Fayetteville, NC
23
Votes |
82
Posts

Cash flow bottleneck

Navid A.
  • Rental Property Investor
  • Fayetteville, NC
Posted

Here is the situation:

I have cash tied up in 4 properties, 2 of which are stabilized with paying tenants and 2 are undergoing rehab (will be complete within a month). My lenders have suspended operations and I've called dozens more, both on the conventional and commercial side. On the conventional side, they won't fund me because the properties are under a LLC and would require I quid claim deed it to my personal name and wait 6 months...no thanks. On the commercial side, can't get anything near a long term financing situation. What are you guys doing out there to pull your capital out?

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