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Updated over 5 years ago on . Most recent reply
Which to keep under personal? Which should go on a portfolio?
Kind of torn here.
I currently have 10 properties under conventional loans.
Want to keep 3 under my personal name and move the other 7 under an LLC + portfolio loan.
The question is, which 3?
The highest ARV?
The highest equity?
The highest monthly payment?
Most Popular Reply
Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Originally posted by @Anson Lau:
@Steve Vaughan got it. Basically the 3 highest debt/most expensive home under my personal.
Any reason why the lowest debt/lowest priced homes should be under the portfolio loan?
I want the most as possible to have fixed rate 30 year terms, the least to have cross-collateral clauses, adjustable rates, calls, balloons. Common sense.