All Forum Posts by: Mark Davis

I am trying to sell my latest flip house.  We unfortunately finished it right when the interest rates went up this fall and everything slowed down around here. I'm confident that the house will sell but it's taking a little time. I am wondering if it's a good idea to air B&B it while I'm waiting to help cover the carrying costs. Has anyone done this and has it been worth it? 

I have a single family rental that I am trying to do the brrrr strategy with. I have the property under an LLC which seems to have complicated the Refinance part to pull out some of my equity so I can do the repeat part. To keep this property with a possitive cash flow I after pulling out the equity I would need to have a 30 yr mortgage but im being told you can't do that with an LLC. Any Ideas on the best way to move forward?

Hello, I built a house three years ago that I currently rent. My plan was to refinance into a 30 year mortgage and pull some equity out for my next real estate deal. My bank has told me that since I put the property under my LLC I can only apply for commercial loans with much shorter terms. Is this a common thing or is it worth looking at other banks for a normal mortgage?