All Forum Posts by: Account Closed

HELLO BP,

Is there a fee when you transfer your rental property which is currently in my LLC to my personal name?

I submitted 12 offers before i signed my first contract. Good Luck and don't give up. Trust me your first one is right around the corner.

Hey @Peter T... what's considered a good deal for LLC refinancing then?

@Thomas S. It has been many post on this topic in the past, If you search LLC it will show the past discussions. I hope they help.

@George Taylor

Thanks for the feedback!! Can you make sure I understand this right,

the 5 year term is considered a balloon correct? and the 1 point fee is due at closing for the loan amount?

Hello BP,

Can you advise me is this considered a good deal to refinance my rental property? I'm currently on a 12 month Hardmoney rehab loan looking to refinance out of the high interest rate. I was offered below:

Around 5% with a 20 or 25 year amortization, a 5 year term and a 1 point fee

Can you advise me is this considered a good deal to refinance my rental property? I'm currently on a 12 month Hardmoney rehab loan looking to refinance out of the high interest rate. I was offered below:

Around 5% with a 20 or 25 year amortization, a 5 year term and a 1 point fee

Thank you @Stephanie P. @Travis Lemley 

I appreciate you guys input on this topic. So it sounds like if I get a loan in between 4% and 6.5% in todays investment market for a refinance loan using my LLC, It will be a fair deal?

@Justin B. Can you refer me to a bank in our area that can assist me with my refinance.

@Fabio Salas @Paul Defngin l  I appreciate all of you guys input, you do not know how you just saved my wife and I on making a bad investment move. Unfortunately it's still people out there who will try and take advantage of people who are trying to make a better life for their family. We appreciate all of the information you have given us.

Anyone else who wants to give us some advice for this situation please DO NOT HESITATE....