Can You Refinance A Condo?

[Wendy Black]

Several years go, we bought a condo as a husband and wife and later moved it into an LLC as an investment property. Can we refinance an investment condo? I've heard it both ways. We paid $339k, we owe $85k, and we could list it for sale at $500k.

Thank you.

[Stephanie P.]

Originally posted by @Wendy Black:

The IRS site I read said you can't refi an investment security, I think.

A condo isn't a security, it's real property.