Taking money out of rental houses that are paid for, business form LLC
I own some single family rental houses that I paid cash for and have tenants in. I was thinking of taking out a loan against some of them to get a large down payment for an 8 unit or something like that. My issue is I went to the bank and said they couldn't do it because the properties are in the name of the LLC that my wife and own. Any suggestions? Once again all these properties are paid in full.