I just bought a 3 family back in sept 06 and I am looking to keep it but I would like to get better rates. I would like to put a mortgage on each unit. But I was told I can't buy the units from myself. Does anyone have any advice?
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Thanks
Kenny

If you bought it and own it. Just refinance.

The LTV is at 100 % and also the market in boston is a little soft. I bought it for 550K and each unit is worth 250K-275K . If I could put a mort on each unit for 190K the rents would cover the mort. But I was told I can not buy something I already own. Any advice?

It is either worth $550K or $750K. It can not be worth both.

Then again, it might be worth $550K as a whole and $250K X 3 once the process of making it into a condo goes through {future value}.

How about making into condos, selling two and keeping one unit.

If you go through that process, it will cost you some money in time alone. And we are not even talking about things that might need to be done to the units.