Purchasing Second Investment Property Advice
I purchased my first investment property in 2014 all cash under my LLC. I am looking to purchase a second property and am running into several difficult options.
1. I am unable to pull out the equity from the first property since it has been more than 6 months and I am unable to find a loan officer to do a cash out re-fi for an LLC.
2. Change the Deed back to my personal name, do a cash out re-fi, then change the Deed back into the LLC name. This now gives me cash to purchase the second property.
3. Leave the first property the way it is. Purchase the second investment property with a loan, 20% down.
Seeking advice on the best way to purchase a second investment property. Both are rental properties.