Tom McGee
How to move rental units from personal to LLC structure
I am trying to restructure my rental units (2 duplexes), currently in PA. Currently, they are financed under my personal name. My goal is to set up an LLC in Wyoming (I heard this is the best state to do an LLC) and ...
Garrett Gruss
Hardmoney loan - llc or personal name?
My hardmoney lender told me placing the hardmoney loan in my personal name, refinancing with the bank, and then transferring title to my llc is the best way to go about a brrrr in Texas, as it allows more exit atrateg...
Erik Stone
Refinancing in a LLC
We paid cash for a house we were going to flip. We titled the house in the LLC. Now We want to BRRRR this unit. The rehad turned out very good. This will make a great rental. I would like to keep it in my LLC. What o...
Bryan K.
Refinance an investment property purchased with cash thru an LLC
Hi all, 2 of my business partners and I are set to close on an investment property in Chicago next Friday. The seller already had an all-cash offer, and it was a great deal, so we looked for a way to beat out the oth...
Clint Vonburg
Using credit cards to purchase properties.
So, I've heard on the podcast that others have used credit cards to purchase properties before but I am having trouble figuring out how they got the funds off the cards to pay for anything. You see what my plan was wa...
Michael Gelatt
Refinancing my duplex
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
Nick Benedick
Partnerships and LLC’s
Good morning Community,I just rented my first property out that I own by myself. I want to partner with someone that lives out of state so I can grow a bit faster. My question is, when do I set up an LLC? Assuming ...
Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Robert Williams
Property not under LLC - can LLC still be used to manage rent and expenses?
Hi All,Will be buying a property soon. I can choose to get a conventional in my name (best rates), or a DSCR in my LLC's name (slightly higher rate and prepayment penalty). Currently leaning toward getting it in my na...
Evan Miller
Entity Transfer - Loans
Hey!, I am wondering if anyone has expertise or experience with entity transfers and the loan options available? Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan ...