Refinance from personal TO DSCR or portfolio loan into LLC

[John Mason]

Good Morning

So let us say I bought a SFH under my name. After 6 months if I want to move it to a LLC what do i do?

I need to do Quit Claim Deed and also refinance into a DSCR or portfolio loan?

Thanks

[AJ Exner]

Hey John,

Some DSCR lenders would only require 90 days of seasoning and you could refinance it at that point, which would do the same as a Quit Claim in getting it under your LLC.

You would essentially shift the ownership on title from your individual name into your LLC via the refinance and save some additional closing costs, though minimal they may be, by not closing a QC and a Refi back to back.

Good luck! Happy to help where I can