All Forum Posts by: Rick Taldykin

@Phil Falcini you can absolutely finance under an LLC.

I'm an investor myself and all my properties have their own LLC.

As such, I lend on C/O ReFi's on properties held in LLC's all day long. Very rarely are investment properties held in a person's name.

Especially with pro-tenant states like here in California, keeping an investment property in your name is far too great a risk.

I’ve been burned before by tenants on the only property I had in my name and it wasn’t pretty. I’ve since learned my lesson and have take every precaution to protect myself.

Hope this helps!

BP Investors: 

How has the recent drop in mortgage rates affected your investment properties? 
Has there been an increase/decrease in activity? 

I've been seeing more commercial loan scenarios over residential, especially in the more populated cities. I was curious to see if anyone else has seen the same trend in activity on the lending/brokering side. 

I wanted to hear the community's thoughts on alternative financing on investment properties. 

I've been seeing a lot of scenarios with small business owners who don't claim enough income on their personal taxes to get the rates they want.
What are some creative strategies that the BP community has come up with when borrowing on or against investment

properties? 

Topic completely open to discussion. 

Hey @Account Closed, looks like you're doing the right thing.

Regarding your loan options, it would vary depending on your FiCo. I lend to borrowers with DTI issues all the time. It shouldn't be an issue provided you have the right strategy in place.

If you'd like, email me with your FiCo and property address, and I can go over some options with you. 

@Yoni Rios Most of the loan scenarios we see are tied to an LLC.

Given that we lend only on investment properties, many investors form LLC's for these purposes. It's a good idea to do so.

Regarding your ReFi, are you still having issues with it? 

@Jiwei Yang 

It would also depend on the partners in the LLC (if any) when pulling credit.

Typically, if there are two equal partners in the LLC, the lender will go with the lower score of the two.

Keep that in mind when submitting under an LLC, as you'd want to make sure that the majority holder is the one with the better FiCo.

There are also other ways of borrowing outside of conventional lending, provided this property is NOO and will be used for investment purposes.