I do not have enough information to casually advise you as to your best refinancing options.

You also have the option to close these DSCR loans in your LLC as opposed to your personal name.Our team finances just shy of 100 DSCR loans on a monthly basis.

You can contribute by finding deals or managing properties in exchange for a share of the profits.Lease Options: Control properties without owning them by renting with an option to buy, and potentially sublease for profit.Owner Financing: Buy properties directly from sellers willing to finance, bypassing traditional lenders and often requiring less upfront money.REIGs: Join real estate investment groups to pool funds with others for property investments.For a more hands-off approach, investing in turnkey properties in growing markets with minimal upfront investment would be ideal (like in the Southeast and Midwest of the country).

Property is 3021 E Shangri La Rd, Phoenix, AZ 85028.I hear you—this sounds like a tough situation, but you still have options to minimize your losses.

I didn't see a location option for Ventura, County, CA, I hope that's not bad news. 

Hey @Rio Nance you’re casting a pretty wide net with your question, since it's not specific to an area or city, but I’ll share based on what I'm seeing.

Charleston is a great place to start, and keeping your options open is a smart move.

Alternatively, in a QBO Simple Start or Essentials subscription, if seeing profitability by property is important, you could still structure your chart of accounts to reflect each home, though your P&L will be a bit more lengthy & harder to digest.If you have any questions, feel free to reach out, happy to walk you through the pros & cons of QuickBooks options!

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

My current options: rent out the current 4 bed 2 bath house that I own and live in so I could move into the 300k house and remodel while I live in it.