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All Forum Posts by: David Miller

David Miller has started 2 posts and replied 3 times.

General Landlording & Rental Properties

Post: Refinance Question - How to finance more the 4 rental properties?

David MillerPosted
  • Real Estate Investor
  • Appleton, WI
  • Posts 8
  • Votes 0

My bank(any bank) will only allow me to finance 4 properties at a time, that are less then 4 units. This also includes my personal residence. How do I get around this guideline if I have 10 properties paid for and I would like to refinance and purchase more. Any comments or help would be greatly appreciated.

Thanks
Dave Miller

0 Votes
Multi-Family and Apartment Investing

Post: Help with first 27 unit apartment complex

David MillerPosted
  • Real Estate Investor
  • Appleton, WI
  • Posts 8
  • Votes 0

Johnny P. - Thanks for the info regarding the LLC

Joel - The property is in Illinois.

0 Votes
Multi-Family and Apartment Investing

Post: Help with first 27 unit apartment complex

David MillerPosted
  • Real Estate Investor
  • Appleton, WI
  • Posts 8
  • Votes 0

I currently have one LLC for buying and rehabbing single family homes throughout the US. I am in the process of putting in an offer on an apartment complex that is in a different state then my current residence. I'm not sure what to buy this with, and I do not want to use my LLC for flipping residential homes. Just curious what other people recommend or have done in the past for larger buildings like this one. I'm not sure if setting up a separate LLC in the state the complex is in or some sort of trust would be a better choice. Any advice or past experience would be greatly appreciated.

0 Votes