Hello,
There is a rental property that was purchased with an individual name holding title to the property and holding the loan. During the period of ownership, the title was transferred from the individual to an LLC for liability protection, but the loan remained in the individual's name. The...
We currently have an investment rental property where the original loan was 165K. We recently refinanced, pulled cash out, and got a new loan with a balance of 251K. The market value of the property is around 200K now, so we can't sell it. Because the property has significant negative cash flow...