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Updated 4 months ago, 09/11/2024

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4
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3
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Anthony Prilo
3
Votes |
4
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How to refinance property out of residential loan into LLC

Anthony Prilo
Posted

I recently purchased a home.  I would like to use my old home as a rental property, which has a significant amount of equity.  My apologies if these questions are elementary questions.  I am new at this.  Located in NJ.

Is there a way to refinance my rental property from my residential loan into an LLC?

Am I required to have my rental property in an LLC?

Can I couple my residential loan with landlord insurance?  

Any other tips?

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