All Forum Posts by: Chad Smith

Hello! I have recently purchased a duplex with a conventional loan. I am hoping to refinance in around 2 years because my interest rate right now is so high. I am living in one half and renting the other half. I would like to put the property in an LLC, but am I allowed to refinance the property when it is in an LLC (My loan broker said I could not)? If I have to take the property out of the LLC to refinance are there any cost consequences?

I did notice when I use BP calculator and changed purchase price it did not my cash flow. I dont know if any of you have experienced this? Not sure what I am doing wrong