All Forum Posts by: Rosanna Tran

@Justin Kane Can you please explain how to do that?

@Benjamin Piecenski If I put all three properties under an LLC, can I use the equity to get a line of credit to avoid all the appraisals, environmental, & cost of refinancing each house? Please advise the best way to get funds back from the properties.

I have rental properties that are free & clear. My attorney suggested me to quit claim them to LLC instead of personal name but I want to refinance them. Is it true that I won't be able to refinance them under a new LLC that has no financial record regardless of the equity in them?

@Kelly DeWinter Thanks

@Dave Foster Thanks.

I bought a commercial property in 2015 under my company name which I do import & export & under 1031 exchange. Now I closed the import & export business & I want to quit claim the property to under a new company name & start real estate rental business. Can I do that & what’s my tax consequences? It was owner financing & the owner is ok with the quit claim deed as long as I pay all the fees. Please kindly advise.

I have my primary residence & 3 residential, one owner occupied commercial all free & clear, one rental commercial with a 6% interest only mortgage that ends in 5 years. What’s the most sensible way to cash out?

@Ashley Childers Thanks. I bought two from New Western profit from one & lost from one. Feel like I need more knowledge to continue.

@Patti Robertson Thank you & happy to see successful franchisee

@Ned Carey Thank you for a different perspective