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Updated 4 months ago, 09/11/2024
How to refinance property out of residential loan into LLC
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?