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Updated almost 3 years ago, 01/26/2022

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3
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1
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Joseph Pobanz
Pro Member
1
Votes |
3
Posts

Trouble with Expansion

Joseph Pobanz
Pro Member
Posted

Hello All, 


I currently Own 4 Properties, 1 in Southern California (My Primary Residence), and 3 Multi Family, totaling 9 Units in Cleveland, Ohio (I have family there). I am looking to expand to more. My loan guy is telling me I can maybe buy one more property, between 200-300K. I have been buying these with 20% down conventional financing. My wife and I are currently in the process, of transferring these properties into our LLC. My goal for 2022 it so get to a total of 30 units. After I transfer all the properties into my LLC, does that free me up to acquire more personal loans, can I acquire them through my LLC or do I need 2 years of tax returns? what are my options? Any help is appreciated.

  • Joseph Pobanz
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