All Forum Posts by: Joseph Pobanz

Not to hijack this thread but can someone of you DM some recommendations for PMCs as well as who not to use in Cleveland?

I have enough cash for the down payment. The 5 loans is what my lender is telling my I will max out on personal loan. You are right that is probably what they are comfortable with. I understand the LLC does not remove me from the liability and yes, there is a process to transfer without violating my loan agreement that I am working through with my lender. I'm not sure if the portfolio lender will help but I will look into it.

Hello All, 

I currently Own 4 Properties, 1 in Southern California (My Primary Residence), and 3 Multi Family, totaling 9 Units in Cleveland, Ohio (I have family there). I am looking to expand to more. My loan guy is telling me I can maybe buy one more property, between 200-300K. I have been buying these with 20% down conventional financing. My wife and I are currently in the process, of transferring these properties into our LLC. My goal for 2022 it so get to a total of 30 units. After I transfer all the properties into my LLC, does that free me up to acquire more personal loans, can I acquire them through my LLC or do I need 2 years of tax returns? what are my options? Any help is appreciated.