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Updated about 7 years ago on . Most recent reply

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Anette Lyons-evans
  • Rental Property Investor
  • Boca Raton, FL
8
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26
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Cash out on my LLC owned duplex.

Anette Lyons-evans
  • Rental Property Investor
  • Boca Raton, FL
Posted

I would like to cash out on my LLC owned duplex. I bought this duplex cash about 5 years ago, and its value has increased since. I want to cash out to buy other properties. We bought it for $100k, similar duplexes are selling for $200k

From my research so far, I have concluded the best option is to get a portfolio loan (70% LTV). I don't really want to put the property under my name.

Any other advice? How do i find portfolio loans?

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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,144
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Anette Lyons-evans - Properties owned by a LLC should have commercial financing. Residential 30 year fixed loans can only be made to a person

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