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Updated over 5 years ago on . Most recent reply

Matt F.'s profile image
Matt F.'s profile image
Matt F.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Apr 17, 2019
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Matt F.'s profile image
Matt F.'s profile image
Matt F.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Apr 17, 2019
Connect
Matt F.
  • Rental Property Investor
  • St. Louis, MO
37
Votes |
123
Posts
Private Lending & Conventional Mortgage Advice

Refinance strategy for partners?

Matt F.
  • Rental Property Investor
  • St. Louis, MO
Posted

Hi you guys, my business partner and I have purchased and rehabbed 2 single family homes and now it’s time to refinance.

What’s the best approach? Conventional mortgages in our personal names? Commercial mortgage? 


Any info is much appreciated!

Thank you!

PS: our initial idea has been to get conventional mortgages in our individual names, then quit claim them into an LLC in which we're 50/50 owners. Then, once we have more properties, get some sort of commercial loan for the entire portfolio. Good idea? Bad idea? Most importantly, why?


Matt Ferch

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