General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 07/31/2020
Refinancing - Individually owned to LLC
I purchased a fourplex under my name as I hadn't set up an LLC. now that I'm trying to cash-out refinance it, I'd like to do it under the LLC but seems like at this time, few banks are underwriting these type of properties and the commercial loans are more unfavorable (rates, amortization, etc) than residential. Someone mentioned to me it could be refinanced under my name and then vest the property under the LLC. does anyone know about this or how to refinance under my name but shift the liability to the LLC? thanks.