The bank I have used, Lyons National Bank, lends to me through my LLC.

So the loan for the rental shows as a debt but the income is not reported to the bank where we are trying to get the new loan.

These rates of return surpass what bank-provided bonds and stock dividends offer.

This property can NOT be financed by FHA or a traditional conventional 30-year fixed-rate loan.

Michael, Every bank has different rules.

I am not sure the Tenant is so friendly, my property manager deals with them.If you have a PM, they should answer this question for you and handle the process.You should notify the PM and update your PM Agreement, W-9, banking information, etc.

You mention a traditional STR PM agreement where the upside is shared by both parties.

75% bank financing.

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

I currently own a rental property that is financed with a standard mortgage. I plan to sell and 1031 exchange this property in the next 12-18 months. I have a priority credit line on my brokerage account that is now &...