real estate investment and forming s corporation Hi,
i have 5 rental properties and 3 off them paid off. i have 2 mortgages on remaining 2 condos.
my question is :
1) does bank will call pay off on the loans if i put those in the corporation?
2) is there any lenders who can combine the 2 loans in to 1 and allow the corporation to form?
3) should i form the corporation on paid off 3 properties, take out loans and pay off the individual loans on those 2 properties which is still not under corporation but once paid off i can include them into corporation?
all help will be greatly appreciated. thanks. |