Updated over 5 years ago on . Most recent reply
Refinance or HELOC with an LLC
Hello BP family,
I currently own two investment properties free and clear. One is a duplex and the other is a SFR. I have an opportunity to purchase 4 additional properties from a fellow investor that has recently turned 80 and is ready to liquidate. I am thinking that I can leverage one or both of my properties as collateral to acquire a loan for the 4 without a 25-25% down payment. Or should I transfer the rentals to my LLC and cashout refi/HELOC to acquire the down payment? Lastly, will I be able to acquire a loan in my LLC's name considering my personal DTI is probably going to be out of whack with this additional loan.