Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello, my friends and welcome to another episode of Ask Marco, where I answer your

investing related questions.

Well I hope everyone is keeping well and staying safe. I know a lot of Californians here have made their way to the beaches again.

Now they're keeping their social distancing, but I believe a lot of people are getting stir crazy and have gotten a little tired of the lockdown and nationwide quarantine that has been going on.

I mean, how many weeks can you be locked up in your house?

So anyway, people are enjoying themselves while still trying to do what they think is right in terms of staying safe.

So good for them.

So today's question comes from Ivan and he's wondering if it's possible to refinance a property that is held in an LLC.

And it's a good question because it's a common question and a lot of people hold their properties in an entity like an

LLC for the sake of asset protection but that could be challenging when it comes

time to finance or refinance that property.

So Ivan writes in and he says, Marco,

I started listening to your podcast about three weeks ago

and I am inspired to grow my passive real estate income portfolio.

I currently own one single family

investment property that is cash flowing $375 monthly. I owe $50,000 at 3.6%

over 30 year fixed and the property is worth 170 to 180,000

per Zillow.com and Realtor.com. The home is in my name After listening to an episode of yours about asset protection,

I am considering transferring the investment into an LLC. However, I am concerned about the ability to refinance if the home is owned by a newly formed LLC.

Is this a concern or not?

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