I recently purchased two duplex's in an LLC last September. We paid cash for them. I'm trying to Mortgage them to purchase another property and I'm finding we can't get financing do to the fact that they are in the LLC. Looking for some advice.
@Patrick M Gordon If you want to keep them in an LLC, you will need a commercial loan for them. Since it is a commercial loan, both properties could be on the same note.
If you want a residential investor loan, then each property will need to be transferred into the owners personal name to allow for the cash out loan (one per property), which will have better rates and longer amortization.