Updated over 5 years ago on . Most recent reply
Conventional vs. Commercial Loan
My father-in-law and I own a duplex rental property that we have a commercial loan on with our LLC. We are pretty green with understanding all the in's and out's of rental properties, but we are educating ourselves. We are considering refinancing our property outside of the LLC with a conventional mortgage. Doing so would increase your monthly cash flow by almost $500. From my understanding, we could keep the title under the LLC and go through financing individually. Is this correct? Are there liability implications for going this route?