All Forum Posts by: Alpesh Parmar

I understand about LTV but what do you mean by seasoning issues? This property has been cash flowing for exactly 2 years. I also know that I can get HELOC on rental but I wanted to find out if any lender will give HELOC on a rental which is owned by LLC. I do know that I can quit claim and get the loan and then quit claim it back to the LLC. I have done this before and I didn't have to wait for 6 to 12 months.
As of now, most of the lenders have stopped HELOC because of rate reductions.

Thanks @Kerry Baird for quick response.

Thanks @Kerry Baird. Do you know if any of these lenders will lend on NOO property under LLC?

Hope everyone is staying indoors and healthy!

I acquired a property couple years ago and did a BRRRR on it. I put in total $70K and it's worth $100K now. I bought it under my LLC and I have been thinking of refinancing. Can someone give me reference of lender who can give HELOC on an investment property owned under LLC?

Take care and stay safe!

@Anne Williams Wait a little bit and you will see better deals. I would say it would be dependent on job market in that city/state and how resilient that market is. Some markets will correct only 10-20% and some markets may go down up to 30+%.

I definitely think real estate is going down but may not go down in every market. Coastal markets like California have gone 2-4 time since 2008 and were due for correction so they will be the hardest hit. Again, no one can predict it because our generation hasn't seen a global pandemic like this before. I will wait and watch.

*** I am not an Economist and I can't predict future.

@Tarun Maharana Tracy and nearby Bay Area markets will may break even and mostly there will be negative cash flow unless you are putting more than 30% down.

I meant definitely sell. 

@Sameer Kh Definitely dale. Why are you even thinking about 1031 when' there is almost no gain. 1031, monetized installed sale or DST are great when the gain is substantial.

Totally agree. Good luck!