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Khizer Husain's profile image
Khizer Husain's profile image
Khizer Husain
  • Member since Jul 25, 2020
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Khizer Husain's profile image
Khizer Husain's profile image
Khizer Husain
  • Member since Jul 25, 2020
Connect
Khizer Husain
10
Votes |
64
Posts
Mortgage Brokers & Lenders

LLC Business Loan from Rental Income

Khizer Husain
Posted Sep 12 2020, 16:37

Hello, 

I have a multi-family property that gives me 10,000 Net rental income per month after all debt service and expenses. This property has been refi'd and it is stabilised. 

There is no room take out anymore money via refi. However, it is still generating 10,000$ per month. Can I take a business loan or any other loan based of the rental income on the property to buy more property? The property is owned by an LLC.

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