???Need some advice wife has a house weath $135 in Baltimore, MD will sell it to our LLC for the balance of $75 with no money down. $16000 on repairs will be rented for $1300 A MONTH. I woud have to refiance under my LLc. not sure where to start’ she is will to pay the LLC rent for 6 months. The building will be turned into an assisted living home. Tell me how i can do sweet deal
I would contact a local bank first. Getting financing for an LLC is difficult from residential companies. Why not just do a 75K cash-out then assign the deed over to your LLC? Or depending on the length of time you haver had your LLC you can go to Compass or Wells and get an unsecured business credit line for 75K.