I’m looking for advise on my first buy. I’m going through fund and grow for my funds at the moment. With this I’ll be able to use cash and possibly get a better deal. My question is, since I only have 12 months to pay...
I now have an LLC to hold the properties. How does that affect my financing. I heard banks don't lend to LLCs so I'm a little confused on that. If we buy under individuals name and then move the title, would I risk...
I'm sure this is a common question with house hackers, but I currently have my first multi unit in a rehab. I have an LLC set up and my question is twofold. 1) I understand putting this property into the LLC could tri...
I have the opportunity to buy a property with owner financing and 20% down.How quickly after a purchase could I refinance out of that Owner Financing to a traditional mortgage? Is there a set time or rule that banks u...
I am looking to buy a 2-unit multifamily for approx. 60-70k. It is appraised at 112k. After purchasing and renting units, when can I refinance in order to pull out HELOC and gain cash for projects on the home? Also us...
I have a rental unit located in DE currently owned by me personally. Two things i want to do, 1: refinance the property 2: transfer the title to the LLC. My question is what is the best way to do this, refinance first...
Hi All,I am coming to the end of the loan term for a fix and flip that I financed with a hard money loan. Long story short, I used the wrong contractor and the property took almost 11 months to get on the market. The...
My credit union has offered me a great interest rate for a secondary home.
However, they stated that the bank will not allow me to put the property in an LLC, after the purchase.
If I can purchase this property with a...
My partner and I are closing on our first property today. The bank requires this to be done through a commercial loan since we formed an LLC to buy the property. The home needs plenty of rehab and then we wanted to ...
I have a 1 triplex under a LLC. I'm in a situation where I want to refinance. If I want to keep the property in a LLC, in order to have the separation benefit. What are my different loan options? What type of loan do ...