I want to cash out refinance and close it under our LLC as DSCR mortgage.

For instance, in my private lending, I dont really give a numerical credit score much weight, but I absolutely look at the composition and history of the individual tradelines on a report if the borrower is a smaller outfit, such as a single member LLC or similar solopreneur-type operator.

Quote from @Troy Smith: I bought my first investment property under an LLC this year.

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?

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I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.

If you have an LLC, the accounts should be business accounts in the name of the LLC.

My solely-owned LLC owns a 10-unit townhome-style apartment building in TN.

I have bank accounts for every LLC, so if I'm shutting down an LLC, I'm also shutting down the bank account and moving the money out. 

Don’t worry about setting up an LLC right now.