Transferring personal vehicle to LLC for better DTI
Hello! Hopefully I am in the right area for this question. I recently got into REI and have 2 fourplexes which cashflow pretty well. I am looking into picking up another property, but have a crippling $668 truck payment from a cpl years ago when I was younger and slightly dumber. My business account with the fourplexes is doing quite well, and could take a hit of 668/month.
I work full time as well, and was wondering if I started an LLC and transferred the vehicle loan to the LLC, assuming I even could, would that free up my DTI for future purchases?
I realize legal ramifications on transferring properties/vehicle to the LLC, was just wondering if it would work the way im hoping it would. Also I figured I could factor that into the business expense future taxes.
Ad of right now I do not have an LLC, I just keep all the finances seperate. Woukd ve nice to free up 668/month in my personal account and just use the business one to pay for the truck.
Any advice would be greatly appreciated! Thanks