Cash out on investment propertyPut in a loan request for cash out on investment property located in Indiana. The property is currently held in an LLC. In order to get the best terms we are willing to move the property into our personal names. Will we still get credit for owning the home for a year so we can use the appraised value? We bought the home a year ago out of foreclosure. At that time we only paid $20,000 for the home. the bank appraised it at $65,000 but would not use that value because we had not owned the home for a year. Looking to do about 80% LTV on the true value of the home. Any suggestions? Both members of the LLC will be co-borrowers on the new loan. Both have significant income and credit scores above 700.What if any options do we have to cash out? Can it be kept in the LLC?February 03 2010 - Franklin00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.