BRRR: going from fix and flip to rental
I'm looking into the starting to buy and hold. I like the BRRR concept, but I have a question:
Do I use my Fix and Flip,LLC to buy, rehab and rent? Then refinance it in my Buy and Hold ,LLC?
I understand the better long term rates are in personal names. If I use the above strategy, the property is never in my personal name.
Also: I have a fix and flip that has been on the market and is not selling. I want to turn it into a rental. My fix and flip LLC owns it now. How should I proceed?