Geoffrey Giannone
Refinancing into 30 year mortgage with LLC’s name
Hi everyone!
I just recently bought my first rental property and rehabbed it with a partner of mine. Looking ahead, we hope to refinance it into a longer term mortgage with lower rates than we currently have. Howev...
Rosalie Evans
Due on Sale and the LLC.
Is it risky at this time to ask your bank to allow you to put your investment property into a single member LLC? I opened an LLC just for this reason but I have not transferred it. I have heard that some investors jus...
Michael Bertsch
Due On Sale Clause
I plan on buying a SFR in my personal name. After the 6 month seasoning period with the bank, I plan to cash out refinance into a traditional loan. Do you guys have any issues transferring your title to an LLC? I know...
Mary Lopez
Having problems refinancing a Quit Claim deed property
I have a SFR rental in Las Vegas, NV that was recently transferred to me by quit claim deed from a parent. There is no mortgage on the property, it is owned free and clear. It is worth close to $400K and I want to g...
Ed Kowalchuk
Bank loan:25% down using a new LLC with a personal guarantee?
I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside ...
Mark A. Roberts
Probate property / inherited
Hey BP family, I lost my mom and recently went through probate and received her house. Is there a way that I can keep the interest rate as is and sub-to it to my LLC? Interest rate currently (4.25%) owes 43k on the mo...
Erick Garske
LLC Cash Out Refinance in Maryland
I have some property in Baltimore City held under my LLC. I would like to do a cash out refinance, but when the properties were purchased, the title was recorded under the name of the LLC. This had been done for liabi...
Douglas Andrew
Loan Assumptions, Commercial Loan Transfer to Buyer.
Hi All- I have a question on Loan Assumptions for a commercial loan. I have a $2.45 million loan at 3% interest only. It was for 5 years with 3 years remaining. We are thinking about selling our building after 10 year...
Richard Florestan
Structure of loans and bank terms, buying in an LLC
Hi,
I'm planing on buying a few 4 unit rental properties and have been shopping different lenders that are local to the areas in buying in. I have been able to get qualified but find it amazing how different each ban...
Henry Kicera
Buying an established LLC
Hello everybody,
I've found several (3) properties which interest me. They all are owned by the same LLC. The person who I've been negotiating with is the principal of the LLC.
She suggested that one a...