LLC and 5 Properties - What Next ?

[Eric Noble]

Greetings,

I would appreciate some guidance in developing a strategy.

I've purchased 5 investment properties over the last 4 years. All single family, two or three bedrooms, in good areas. All mortgages are in my name.

At the same time, I created an LLC with two partners. Currently the LLC is used for managing the operations.

My partners and I would like to increase our holdings. One idea is to sell the houses and 1031 our profits into more valuable properties. In this model, we would like to establish the ownership of new properties under the LLC.

Another idea is to refi the houses (they have appreciated ~30%) and use the cash to purchase additional property.

And then there is the third option - to sell and use whatever profits remain.

Thanks,

Eric