What are my options for pulling the equity on some (3) single family homes before or after I put them into an LLC?
I want to avoid due on sale clause / note being called due. I want a 30 year fixed with 3% to 4.5% rate. I have no existing financing currently on the properties. I want to stay under 75% LTV.
I've found some lenders who offer 5/1 arm products with like 5.5% to 6.5% for LLC owned properties. I am not satisfied with those terms.
Check with your bank. I checked with mine on the same issue and they told me it is very unlikely that they would do such a thing as long as I can prove that I can pay my mortgages.