All Forum Posts by: Michael Lynch

The mortgage co probably won't care if your LLC makes the payments. Better to beg forgiveness than ask permission here. Do not call and ask to have your LLC added to the mortgage. You will be calling a cubicle dweller in whatever country that is apathetic and uninformed and you will scare them! At tax time, just don't try and deduct mortgage interest for your LLC. Take it personally. Good luck @Jennifer Alcide!

Thank you, this is very helpful. I have a $2mill umbrella insurance policy and just getting started this is great information.

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Looking to get involved, where do I start?

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Sell

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Thank you guys so much for the information. I will 100% wait until the rehab in finished.

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This information is golden. I have been waiting to refinance, but also want to complete it as soon as possible. In order to move onto the next project.

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I am currently rehabbing the basement of our rental property to add in an additional bedroom, bathroom, and about 550 sq ft of living space. The frame is up and we are waiting on the electrical inspector to come in and take a look at everything. They seem to be taking a while to get to the property. What I would like to do is start the refinance process with an appraisal. Should I wait until the project is complete?

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@Marvin Bobb so far our tenants pay on Venmo.

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All Forum Posts by: Michael Lynch

Michael Lynch has started 1 posts and replied 7 times.

Post: LLC Paying the Mortgage in My Name

Post: STR / airbnb property spreadsheet

Post: Would you sell your primary to invest in Multifamily?

Post: Appraisal during rehab or when the house is fully complete

Post: Appraisal during rehab or when the house is fully complete

Post: Appraisal during rehab or when the house is fully complete

Post: How are you guys collecting rents?