All Forum Posts by: Jillian Alonge

Great advice! Thank you, Luis

Thank you for your feedback Andres! Yes, I think I'm going to wait for rates to drop to make a decision. 

Thank you @Khalid Bryan and @Ashish Acharya! I think I'm going to wait for rates to drop and refinance into an LLC using a portfolio or DSCR loan.

Thank you all for the feedback, I really appreciate it. Yes, @Raymond J. Rodrigues I'm worried about the due on sale clause that's why I haven't done anything yet. I'll message you to discuss more, I have a good rate and would like to stay in that range. 

I would like to purchase a co-living space or duplex this year. I have my first home rented out, it's currently not in an LLC and I would like to pull equity out to purchase my next rental property. I'd also like to put the property in an LLC to protect it. I'm debating to pull out a HELOC then do a Quit claim deed into the LLC but worried about the due on sale clause. Wondering if I should just wait until rates drop and refinance into the LLC or do the quit claim deed (and no HELOC) and just save up for my down payment for the next property. Any feedback/recommendations would be appreciated.