Is a refinance my only option in my situation?
I got into real estate investing 2 years ago and I am now ready to buy my second property and place it in my LLC. My current lender did not allow it with my first property and I’ve talked to various lenders and they have the same reply. Is a refinance my only option? by joelw616 from Garden City, Alabama. Mar 25th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Your traditional mortgage loans for the most part do NOT lend for a business, which the LLC is. Only individuals. Simply buy it in your name... Then after closing, it you really want, you can change it to the LLC. There are other loans that WILL allow you to get the loan in the LLC name, but you are personally responsible. These loans come at higher rates. I lend in Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132
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