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Updated about 10 years ago,
Loan Options...
Being that I am new to the game and still learning.... I have a few questions
So hypothetically lets say that my LLC bought a home outright in cash and did a complete renovation, and it did it all with investors money. So now that the home is finished, I would have to sell it in order to pay back the investors. My question is, Is there a way to take a loan out against the property in order to pay the investors their portions, but keep the property in the goal of renting it out? what loan options do I have? I have thought about a home equity loan, but the issue is that the home is titled to y company and I have only owned it for 2 months, no the needed 6 months. So what other options do I have to both pay the investors back and keep the property in the name of the business?