Updated over 16 years ago on . Most recent reply
moving property into an LLC
i was told by a Rehab/Hard Money lender that in order to refi after the rehab is complete i will need a score of over 700...and they advised me to move my current 4 rental multi family properties into an LLC and that will put me in a better spot personally to refi out of Hard money...
my current scores are 690 665 and 664...
by moving my rental properties out of my name it will decrease my debt but also lower my income
i will be consulting my attornery and cpa but wanted to throw this out there to see if anyone here has done this or any advice...thanks