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All Forum Posts by: Lawrence Walcott

Lawrence Walcott has started 1 posts and replied 2 times.

Creative Real Estate Financing

Post: Refinance options on Condo

Lawrence Walcott
Posted
  • Investor
  • Virginia
  • Posts 2
  • Votes 0

Good Afternoon, 

Thank you for all the replies and definitely seeing a different perspective after reading the replies. Anymore suggestions is welcomed. 

Lawrence

0 Votes
Norfolk, Virginia
Creative Real Estate Financing

Post: Refinance options on Condo

Lawrence Walcott
Posted
  • Investor
  • Virginia
  • Posts 2
  • Votes 0

Good Morning, 

Looking for some advice and options on refinancing on a rental property. Two years ago we transferred form Washington State to Virgina, we bought a condo and put money down. Maybe not the best move but we have a substantial amount of equity right now. The only problem is that we do not cash flow. The interest rate is also low on the condo. What i would like to do is refinance it, and also move it from me and my wife's name to our LLC. Any thoughts or suggestions would be great. One more thing, we do not want to sell this property so it will stay as a rental.

0 Votes
Norfolk, Virginia