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Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
24
Votes
Russell Beach
  • Rental Property Investor
  • Virginia Beach, VA
24
Votes |
21
Posts

Cash Out Finance after transferring properties to LLC?

Russell Beach
  • Rental Property Investor
  • Virginia Beach, VA
Posted

I have a great opportunity to acquire 8 SFH properties from the same seller, who will give a significant discount on each property if I purchase all 8. I'm already lining up conventional financing with a regional bank as an individual. I'm in the process of creating an LLC. As I refresh (rehab may bit too strong in this case) and raise rents, I'd like to do a cash-out refi down the road. I'd also like to transfer those properties to the LLC. Would there be conflict if I were to refi after that? (the loan still in my personal name but the titles under the LLC)

Thanks in advance!

Russ.

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