Refi Questions regarding my investment property

Atlanta, Georgia
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Refi Questions regarding my investment property

Joshua Kavadi
Atlanta, GA · Member since 2025 · 132 posts · 30 votes

Hi All,

I am doing Refi for my investment property with the lender . The title company called me and asked me to do a QUIT CLAIM deed from my LLC to my personnel to Refinance my loan . I am doing it .but I wonder what kind of additional docs they would ask me ? My property is not occupied yet as I am marketing it for the new tenants to move in .

please suggest what kind of docs would underwriters ask once I submit my new deed approve my new refi loan

thanks for helping me out.

Joshua

2Reply
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Scott Chilton
Real Estate Broker · Belmont, MA · Member since 2025 · 150 posts · 65 votes
8mo

Joshua, pause before you sign.

When they ask you to quit claim from your LLC to your personal name, it usually means they want the loan strictly in your name. That is common for conventional investment loans. Once it is in your name, underwriting will look at everything personally.

Expect them to ask for personal tax returns, proof of income, bank statements showing reserves, current mortgage info, updated insurance in your name, and the appraisal. Since the property is vacant, they may not give you full credit for rent until you have a signed lease.

The bigger issue is structure. Moving it out of the LLC affects liability and long term planning. Ask if you can deed it back into the LLC after closing with lender approval. Many investors do that.

If the refinance improves cash flow or lets you safely pull capital out, it can make sense. Just make sure you understand exactly what they require and how this fits into your long term plan before moving forward.

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  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Caleb, 

    can you call me.

    thanks

    Joshua

    0Reply
  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 661 posts · 320 votes
    8mo

    Did they indicate why they couldn't just refinance into your personal name?

    Are they having you QCD into your personal name just to refinance it back into your LLC?

    [email protected]417-427-2612
    0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @AJ Exner:

      Did they indicate why they couldn't just refinance into your personal name?

      Are they having you QCD into your personal name just to refinance it back into your LLC?


       its going fine untill now waiting for the underwriters team to move forward for the approval

      0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    I am doing it just to refinance . Originally it was LLC. But now I am doing it to my personnel name because it was hard money loan .what kind of docs would underwriters ask me . thanks AJ. Exner

    0Reply
    • Scott WolfPro Member
      Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 959 votes
      8mo
      Quote from @Joshua Kavadi:

      I am doing it just to refinance . Originally it was LLC. But now I am doing it to my personnel name because it was hard money loan .what kind of docs would underwriters ask me . thanks AJ. Exner


      You can keep it in the LLC if you prefer. Need more info.

      0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 675 votes
    8mo
    Quote from @Joshua Kavadi:

    Hi All,

    I am doing Refi for my investment property with the lender . The title company called me and asked me to do a QUIT CLAIM deed from my LLC to my personnel to Refinance my loan . I am doing it .but I wonder what kind of additional docs they would ask me ? My property is not occupied yet as I am marketing it for the new tenants to move in .

    please suggest what kind of docs would underwriters ask once I submit my new deed approve my new refi loan

    thanks for helping me out.

    Joshua

    Why are you taking it out of the LLC?
    [email protected]860-538-3672
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    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    yes . but I have already initiated the process to convert it from LLC to My name .because the I need the loan to refinance.

    0Reply
  • Scott Chilton
    Real Estate Broker · Belmont, MA · Member since 2025 · 150 posts · 65 votes
    8mo

    Joshua, pause before you sign.

    When they ask you to quit claim from your LLC to your personal name, it usually means they want the loan strictly in your name. That is common for conventional investment loans. Once it is in your name, underwriting will look at everything personally.

    Expect them to ask for personal tax returns, proof of income, bank statements showing reserves, current mortgage info, updated insurance in your name, and the appraisal. Since the property is vacant, they may not give you full credit for rent until you have a signed lease.

    The bigger issue is structure. Moving it out of the LLC affects liability and long term planning. Ask if you can deed it back into the LLC after closing with lender approval. Many investors do that.

    If the refinance improves cash flow or lets you safely pull capital out, it can make sense. Just make sure you understand exactly what they require and how this fits into your long term plan before moving forward.

    2Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Scott Chilton:

      Joshua, pause before you sign.

      When they ask you to quit claim from your LLC to your personal name, it usually means they want the loan strictly in your name. That is common for conventional investment loans. Once it is in your name, underwriting will look at everything personally.

      Expect them to ask for personal tax returns, proof of income, bank statements showing reserves, current mortgage info, updated insurance in your name, and the appraisal. Since the property is vacant, they may not give you full credit for rent until you have a signed lease.

      The bigger issue is structure. Moving it out of the LLC affects liability and long term planning. Ask if you can deed it back into the LLC after closing with lender approval. Many investors do that.

      If the refinance improves cash flow or lets you safely pull capital out, it can make sense. Just make sure you understand exactly what they require and how this fits into your long term plan before moving forward.


      0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Thanks Scott for your reply . 

    its a FHA/30 yrs with 6.25 APR. its under process . I have already submitted the Quit Claim to the title company. I had no choice because my APR was 12% . my personnel tax returns is low for last 2 years . but now I have income . I hope all goes well and refi happens ASAP.

    thanks once again for your time. 

    0Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      8mo
      Quote from @Joshua Kavadi:

      Thanks Scott for your reply . 

      its a FHA/30 yrs with 6.25 APR. its under process . I have already submitted the Quit Claim to the title company. I had no choice because my APR was 12% . my personnel tax returns is low for last 2 years . but now I have income . I hope all goes well and refi happens ASAP.

      thanks once again for your time. 


      You are going from an Hard Money Loan to an FHA loan? This is a primary residence? I am surprised the underwriter didn't condition for a Letter of Explanation as to why you are moving back into a rental property?

      [email protected]818-269-7983
      LuxePrivate Investments LLC 572 Reviews
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      0Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      8mo
      Quote from @Joshua Kavadi:

      Thanks Scott for your reply . 

      its a FHA/30 yrs with 6.25 APR. its under process . I have already submitted the Quit Claim to the title company. I had no choice because my APR was 12% . my personnel tax returns is low for last 2 years . but now I have income . I hope all goes well and refi happens ASAP.

      thanks once again for your time. 


       I am a bit confused on your scenario. 

      Honestly I think the best advisor, is your current loan officer? What has he/she recommended? 

      [email protected]818-269-7983
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      0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Erik Estrada:
      Quote from @Joshua Kavadi:

      Thanks Scott for your reply . 

      its a FHA/30 yrs with 6.25 APR. its under process . I have already submitted the Quit Claim to the title company. I had no choice because my APR was 12% . my personnel tax returns is low for last 2 years . but now I have income . I hope all goes well and refi happens ASAP.

      thanks once again for your time. 


      You are going from an Hard Money Loan to an FHA loan? This is a primary residence? I am surprised the underwriter didn't condition for a Letter of Explanation as to why you are moving back into a rental property?


      0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Erik,

    its my investment property . I am trying to do DSCR and refi for my investment property .can you do it .

    thanks

    Joshu

    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    I live in my primary house . Investment property is in a different location in GA. my wife score is 575. can you do Refi DSCR ..

    0Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      8mo
      Quote from @Joshua Kavadi:

      I live in my primary house . Investment property is in a different location in GA. my wife score is 575. can you do Refi DSCR ..


       Is your wife on the title to the home? How is your credit score? Who will be the primary guarantor? 

      Happy to connect and chat further 

      [email protected]818-269-7983
      LuxePrivate Investments LLC 572 Reviews
      WebsiteView Page
      0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Erik Estrada:
      Quote from @Joshua Kavadi:

      I live in my primary house . Investment property is in a different location in GA. my wife score is 575. can you do Refi DSCR ..


       Is your wife on the title to the home? How is your credit score? Who will be the primary guarantor? 

      Happy to connect and chat further 


      0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Erik Estrada:
      Quote from @Joshua Kavadi:

      I live in my primary house . Investment property is in a different location in GA. my wife score is 575. can you do Refi DSCR ..


       Is your wife on the title to the home? How is your credit score? Who will be the primary guarantor? 

      Happy to connect and chat further 


      0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    8mo
    Quote from @Joshua Kavadi:

    Hi All,

    I am doing Refi for my investment property with the lender . The title company called me and asked me to do a QUIT CLAIM deed from my LLC to my personnel to Refinance my loan . I am doing it .but I wonder what kind of additional docs they would ask me ? My property is not occupied yet as I am marketing it for the new tenants to move in .

    please suggest what kind of docs would underwriters ask once I submit my new deed approve my new refi loan

    thanks for helping me out.

    Joshua


     How did you acquire the property?

    In your name or directly into the LLC?

    You should check with your tax professional before doing the QCD back to your name. There could be tax ramifications of doing so. 

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Drew Sygit:
      Quote from @Joshua Kavadi:

      Hi All,

      I am doing Refi for my investment property with the lender . The title company called me and asked me to do a QUIT CLAIM deed from my LLC to my personnel to Refinance my loan . I am doing it .but I wonder what kind of additional docs they would ask me ? My property is not occupied yet as I am marketing it for the new tenants to move in .

      please suggest what kind of docs would underwriters ask once I submit my new deed approve my new refi loan

      thanks for helping me out.

      Joshua


       How did you acquire the property?

      In your name or directly into the LLC?

      You should check with your tax professional before doing the QCD back to your name. There could be tax ramifications of doing so. 


      0Reply
  • Paul Garwol
    Lender · Nationwide · Member since 2022 · 46 posts · 28 votes
    8mo

    Joshua,

    If this were my client, I'd pause before moving it out of the LLC.

    Instead of quit-claiming it into your personal name, I’d strongly suggest refinancing with a DSCR loan and keeping the property in your LLC for liability protection.

    With a DSCR refi:

    • The loan qualifies off the property’s rental income — not your personal income
    • It stays in the LLC (clean asset protection)
    • It typically does not report on your personal credit
    • No tax returns or employment docs in most cases

    If it’s being marketed for rent, the lender can typically use market rent (lease-up scenario) based on the appraiser’s rent schedule.

    Conventional lenders asking you to deed it into your personal name is common — but for investors, it’s often not the smartest long-term structure.

    I close loans like this in Atlanta every week. If you want to run the numbers before transferring title, happy to break it down with you.

    0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Paul Garwol:

      Joshua,

      If this were my client, I'd pause before moving it out of the LLC.

      Instead of quit-claiming it into your personal name, I’d strongly suggest refinancing with a DSCR loan and keeping the property in your LLC for liability protection.

      With a DSCR refi:

      • The loan qualifies off the property’s rental income — not your personal income
      • It stays in the LLC (clean asset protection)
      • It typically does not report on your personal credit
      • No tax returns or employment docs in most cases

      If it’s being marketed for rent, the lender can typically use market rent (lease-up scenario) based on the appraiser’s rent schedule.

      Conventional lenders asking you to deed it into your personal name is common — but for investors, it’s often not the smartest long-term structure.

      I close loans like this in Atlanta every week. If you want to run the numbers before transferring title, happy to break it down with you.


      0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Joshua Kavadi:
      Quote from @Paul Garwol:

      Joshua,

      If this were my client, I'd pause before moving it out of the LLC.

      Instead of quit-claiming it into your personal name, I’d strongly suggest refinancing with a DSCR loan and keeping the property in your LLC for liability protection.

      With a DSCR refi:

      • The loan qualifies off the property’s rental income — not your personal income
      • It stays in the LLC (clean asset protection)
      • It typically does not report on your personal credit
      • No tax returns or employment docs in most cases

      If it’s being marketed for rent, the lender can typically use market rent (lease-up scenario) based on the appraiser’s rent schedule.

      Conventional lenders asking you to deed it into your personal name is common — but for investors, it’s often not the smartest long-term structure.

      I close loans like this in Atlanta every week. If you want to run the numbers before transferring title, happy to break it down with you.



      0Reply
  • James JonesPro Member
    Investor · Collierville, TN 38017 · Member since 2017 · 876 posts · 615 votes
    8mo

    First, the quit claim from LLC to personal is common if you're doing conventional financing. Most residential lenders won't close in an LLC.

    After that, expect standard investment refi docs:

    Income / Qualification

    • Last 2 years tax returns

    • W2s or 1099s

    • Recent pay stubs

    • Bank statements (2–3 months)

    • Schedule E if you own other rentals

    Property Related

    • Current mortgage statement

    • Insurance declaration page

    • HOA info if applicable

    • Appraisal (ordered by lender)

    Since it’s vacant:

    They may ask:

    • Market rent analysis from appraiser

    • Lease if you get one signed before closing

    If it stays vacant, they’ll qualify it based on appraised market rent, not actual lease income.

    One thing to confirm:

    After you move it to personal to close, ask your lender if you can deed it back into your LLC post closing without triggering due on sale. Some allow it with notice.

    Keep it simple. If your income and credit are clean, it’s mostly documentation and appraisal.

    1Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @James Jones:

      First, the quit claim from LLC to personal is common if you're doing conventional financing. Most residential lenders won't close in an LLC.

      After that, expect standard investment refi docs:

      Income / Qualification

      • Last 2 years tax returns

      • W2s or 1099s

      • Recent pay stubs

      • Bank statements (2–3 months)

      • Schedule E if you own other rentals

      Property Related

      • Current mortgage statement

      • Insurance declaration page

      • HOA info if applicable

      • Appraisal (ordered by lender)

      Since it’s vacant:

      They may ask:

      • Market rent analysis from appraiser

      • Lease if you get one signed before closing

      If it stays vacant, they’ll qualify it based on appraised market rent, not actual lease income.

      One thing to confirm:

      After you move it to personal to close, ask your lender if you can deed it back into your LLC post closing without triggering due on sale. Some allow it with notice.

      Keep it simple. If your income and credit are clean, it’s mostly documentation and appraisal.


      0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    thanks Drew will check with my CPA.

    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Yes Paul. Can I call you up . Please share your phno so I can call you .

    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Yes Erik.

    can I call you and explain the situation in detail , ..thanks Joshua

    0Reply
  • Paul Garwol
    Lender · Nationwide · Member since 2022 · 46 posts · 28 votes
    8mo

    Sure give me a call 404-721-9098

    0Reply
  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 145 posts · 33 votes
    8mo

    Joshua — this is fairly common, especially if the end loan is being taken personally rather than in the LLC. Once the quit claim is recorded, underwriting will typically focus on a few buckets:

    • Recorded quit claim deed and updated title

    • Operating agreement / resolution from the LLC authorizing the transfer

    • Seasoning history (original purchase + rehab costs if BRRRR)

    • Appraisal (often as-is if vacant; some lenders will do subject-to-rent)

    • Insurance binder in your personal name

    • Standard personal docs (income, assets, credit)

    Since the property is vacant, they may also ask for a rent schedule or market rent opinion rather than a lease. As long as the title work is clean, this usually doesn’t derail the refi.

    Hope that helps — good luck with the closing

    0Reply
    • Joshua Kavadi
      OP
      Atlanta, GA · Member since 2025 · 132 posts · 30 votes
      8mo
      Quote from @Mayo Gilfurt:

      Joshua — this is fairly common, especially if the end loan is being taken personally rather than in the LLC. Once the quit claim is recorded, underwriting will typically focus on a few buckets:

      • Recorded quit claim deed and updated title

      • Operating agreement / resolution from the LLC authorizing the transfer

      • Seasoning history (original purchase + rehab costs if BRRRR)

      • Appraisal (often as-is if vacant; some lenders will do subject-to-rent)

      • Insurance binder in your personal name

      • Standard personal docs (income, assets, credit)

      Since the property is vacant, they may also ask for a rent schedule or market rent opinion rather than a lease. As long as the title work is clean, this usually doesn’t derail the refi.

      Hope that helps — good luck with the closing


      0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    thanks Brother MAYO . its a great insight . thanks and God bless you

    0Reply
  • Barak Hayut
    Member since 2017 · 1 post · 0 votes
    8mo

    Joshua - 100% agree with Mayo it's standard if it's a personal loan. I'm based in Atlanta and do conventional, DSCR and private lending at Savant Homes. Happy to help with any other questions!

    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    thanks for giving me a insight . thanks James

    0Reply
  • Josh Cohen
    Member since 2026 · 2 posts · 0 votes
    8mo

    Yes, I agree with Scott Chilton.. They may not understand that you're trying to refinance under your LLC and seem to be asking you to switch it over before refinancing. If you need more refinance options, please let me know!

    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    Yes Erick I can bring one more guarantor with 750 score ,i NEED Refi DSCR to lower

    0Reply
  • Alioune Camara
    Realtor · OH · Member since 2026 · 122 posts · 77 votes
    8mo
    Quote from @Joshua Kavadi:

    Hi All,

    I am doing Refi for my investment property with the lender . The title company called me and asked me to do a QUIT CLAIM deed from my LLC to my personnel to Refinance my loan . I am doing it .but I wonder what kind of additional docs they would ask me ? My property is not occupied yet as I am marketing it for the new tenants to move in .

    please suggest what kind of docs would underwriters ask once I submit my new deed approve my new refi loan

    thanks for helping me out.

    Joshua




    It’s normal for lenders to request a quitclaim deed from your LLC to yourself for a refinance. Once that’s recorded, underwriters usually ask for updated title showing you as the owner, proof of insurance naming the lender, personal financials like tax returns and bank statements, property status info (vacant, ready to rent, or marketing plan), an appraisal and possibly an inspection, and any LLC docs needed to confirm the ownership transfer. Essentially, they just want to verify ownership, property value, and your ability to repay the loan.
    0Reply
  • Joshua Kavadi
    OP
    Atlanta, GA · Member since 2025 · 132 posts · 30 votes
    8mo

    thanks Alioune .. 

    0Reply
  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 145 posts · 33 votes
    7mo

    This is pretty common, but it’s important to understand why they’re asking for the quit claim.

    If the lender is refinancing into a consumer loan (DSCR, conventional, or agency-style), they often require individual ownership, which is why title is moving it out of the LLC. That alone usually triggers additional review.

    After the deed transfer, underwriters typically ask for:

    • Recorded quit claim deed

    • Updated title commitment

    • Operating agreement (even if the LLC is no longer on title)

    • Explanation letter for the ownership change

    • Insurance updated to match vesting

    Since the property is currently vacant, also expect:

    • Rent-ready photos or appraisal “as-is” comments

    • Market rent analysis (or executed lease if one comes in before closing)

    • Possible reserves requirement until leased

    One thing to double-check: confirm with the lender whether moving out of the LLC affects rate, recourse, or seasoning, so there are no surprises late in underwriting.

    0Reply
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