Updated about 1 year ago on . Most recent reply
New to real estate investing
Hello, I am new to real estate investing. I purchase my first property in 2019 in Dayton for $4k with $10k in rehab cost and immediately put it into an LLC. It's being rented for $700 (yes below market rent). Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it's in an LLC. My question is since it's only one rental. Should I close my LLC and Quit-Claim Deed the property back into my name and just do an Umbella insurance policy? The property is free and clear. Thank you