Moving properties to an LLC to avoid hitting property limit
Hello,
I have 6 investment properties overall and am having difficulty obtaining a-line of credit on one of them because of the banks’ limit on how many rental properties you can have to lend to you. I am in the process of moving them to an LLC, but I also want to NOT appear on m credit report.
Do I have to refi under the LLC? Would that work in making them “disappear” from my credit report?
Thanks,
Tarik