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Updated 6 months ago on . Most recent reply

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Kieran Dowling
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Refinacing a duplex

Kieran Dowling
Posted

Hello,

My parents helped me by my first rental property . I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go. 

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Devin Peterson
  • Lender
  • Sarasota, FL
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Devin Peterson
  • Lender
  • Sarasota, FL
Replied
Quote from @Kieran Dowling:

Hello,

My parents helped me by my first rental property . I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go. 


Kieran, the best bet here is to refinance with a DSCR loan. This will allow you to put the loan into the entity or business name of your choosing. No personal income or tax returns are required. There a ton of great DSCR options you can find on the Lenders tab at the top of the page, or connect with an experienced broker who can shop all the best lenders for you and educate you on the best options out there. Good luck!

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