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re: Investment Property Loans
Posted on 7/7/22 at 8:18 pm to Im4datigers
Posted on 7/7/22 at 8:18 pm to Im4datigers
Sweet going to email you tomorrow
1
Posted on 7/8/22 at 10:06 am to TheOcean
quote:
This is important. If it’s a single family home, put the house in your name and finance it that way. If you’re worried about liability, claim the house back into a LLC or trust after some time of making on time payments.
If's its a 1-4 family property (1 to 4 units) you can do this. HOWEVER, keep in mind that if you transfer it into an LLC after you purchase it in your name, if you ever want to refinance the loan you're going to have to transfer it back into your personal name and there is then a 6 month seasoning period before you can refinance. That changes from time to time I believe, but right now you wouldn't be able to deed it back from the LLC to your personal name and refinance right away.
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