@Colleen F. I

We bought a property in 2019 using a 1031, now we want to refinance that property but as part of the re-fi we want to move it into an LLC. 

Any advise & guidance from the BP network would be greatly appreciated.Thank you - Semper Fi - Chris 

To make a long story hopefully not so long, last year after much discussion, book reading, podcast listening, etc, decided that we wanted to move our efforts towards FI (Financial Independence) or as we call it "FortyFI", our goal age for early retirement. 

We're seeing cash out re-fi rates in the 70-75% range max. 

I love HELOCs and Cash Out Re-Fi's!

There's nothing etched in stone there, at least.You said after a re-fi, you'll still be under water $700/month.1) are you sure about those numbers?

I purchased the duplex earlier this year via a cash out re-fi from the four-plex and walked away with 19k at the closing. 

Would appreciate your wisdom, knowledge, and advice when it comes to real estate investing, FI, and being a real estate agent. 

I did a dual major of Poli-Sci (the major I was most interested in personally) and Marketing (the major I thought would be most valuable to me once I graduated).