Pros and cons of transferring property to an LLC

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

September 22, 2022

Can I refinance from my personal name into an LLC?

Beginner investors frequently buy and refinance rental homes under their own names. While investing in real estate as an individual may be easier, owning and refinancing investment property might also cause future issues. Many real estate investors, large and small, prefer to own and refinance their properties through limited liability corporations (LLCs) rather than personally. Doing so may have significant benefits, ranging from tax savings to reduced personal liability. However, there are some potential downsides. This post will cover why many real estate investors own property in an LLC, its benefits and drawbacks, and how to convert your existing property to an LLC. What is an LLC for a rental property? If you decide to create an LLC for your rental property, your business will be recognized as the landlord rather than you personally. This business structure will provide you […]