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Updated almost 5 years ago,

User Stats

9
Posts
1
Votes
Alex Cabej
1
Votes |
9
Posts

Refinancing investment properties under llc

Alex Cabej
Posted

Hi all-

I have a 800+ credit score, which I am very proud of. I own properties with a higher rate than I like.  They are in high-end areas and generate juicy income! So the trade-off is worthwhile.  

I am on the lookout for new properties to add to my portfolio. I am always considering refinancing to more reasonable rates, such as 4.3-4.5 (my rate is quite a few basis points more). Would refinancing really hurt my chances to add to my portfolio? My credit score would take a hit, presumably, unless I refinance under my LLC correct?

I would like to move the titles over into my corporate name, but haven't figured out how to achieve this. I notice whenever I look at buildings (mixed or residential) to buy, they all have titles under corporate entities, usually just llcs.  

Most of the tax, insurance, and bank "experts" I have interacted with are not very advanced and get confused easily, unfortunately.  Can anyone please point me in the right direction?

Thank in advance,

AC

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