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Updated over 4 years ago on . Most recent reply

User Stats

35
Posts
4
Votes
Mushtaq G.
  • Plano, TX
4
Votes |
35
Posts

Refinance Property under LLC

Mushtaq G.
  • Plano, TX
Posted

Hi, I am looking for some help refinance my two investment properties, I am currently paying 4.88% on both the loans, the refinance worked out to 2.8% but after all back-n-forth, the banker is now telling me that I have to convert the deed from LLC to my name, first of all I am not sure how long it takes for deed recording to reflect and secondly I am not sure if I want to do it as I did the whole LLC thing to get shelter from liabilities

I was thinking why not refinance my primary home and pay off the loans with investment property but then I may lose on tax benefits? any advice is much appreciated

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