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Updated almost 7 years ago on .

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2
Posts
0
Votes
Melina Michel
  • Flipper
  • Pierre Part, LA
0
Votes |
2
Posts

BRRR: going from fix and flip to rental

Melina Michel
  • Flipper
  • Pierre Part, LA
Posted

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?