All Forum Posts by: Brandt Thompson
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Post: How to Qualify for a New Home Loan w/ investment property limiting my Buying Power
Brandt ThompsonPosted
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I'm early in my stages of RE investing. We bought our 1st home, saved some money and bought a duplex investment property. It's now time for us to buy a larger family home, but I don't want to sell my 1st home b/c I'm going to rent it out as well. I don't want to sell my duplex either. However, this is impacting what I can qualify for w/ the banks. Was thinking of moving the Duplex to an LLC through a quit Claim, but not sure that will enhance my buying ability.
What would you suggest I do?