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All Forum Posts by: Pablo Espin

Pablo Espin has started 6 posts and replied 24 times.

Post: looking to start llc Florida & ny

Pablo EspinPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 27
  • Votes 10

Thank you for the feedback and the reason I wanted to start an LLC is since I have tenants in both properties it would be easier if they pay to that llc. And I truly appreciate the advice I am currently 10 years in the military so I am trying to plan for my future since I retire in 10 years. With thar being said any good recommendations for lawyers in South Florida that can assist ?

Post: looking to start llc Florida & ny

Pablo EspinPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 27
  • Votes 10

First time post, I would like to start my LLC. I am looking to see if anyone has any good recommendations for how to go about it. I have a house in FL and one in NY. Would like to turn those properties to be paid into.llc instead of my name.

Post: Convert FHA loan to a LLC

Pablo EspinPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 27
  • Votes 10

@Dan Barli Thank you for the help, i was tracking that i needed commercial financing and i think that is something i have no clue on where i can try and find a commercial lender. I have asked local banks and/also i have heard of hard lenders which to my understanding are folks that provide you a loan with a higher interest rate. Would you know a good starting point? 

Post: Convert FHA loan to a LLC

Pablo EspinPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 27
  • Votes 10

First time post for me, just recently joined Bigger Pockets. I currently am an active duty Air Force Captain stationed out in N.C. I am looking to start my LLC and would like some advice. I currently have several homes that are under my name. I have a home in Long Island NY that i currently rent out with an FHA Loan 3.85% mortgage is $2836 includes taxes and insurance. I have it rented it out for $2700 I am looking to convert it to an LLC what should i do? I called the Mortgage company they told me they could not switch it to an LLC since its an FHA. I have another home i currently live in but will PCS/Move next year, i will also like to convert it to an llc. My loan to income value is pretty high so i cannot buy anymore individual or fha loans. What are the next steps i can take to still buy properties but under my business/llc? I appreciate any help and input you guys can provide.