Refi/Seasoning Question
All,
My nane is Davian and I am new to the site. I am a novice investor and was hoping to get a little advice regarding a deal I have in the works. I am currently purchasing a REO home and will renovate the property before I rent it out. For asset protection purposes I need to conduct a deed transfer to my LLC, however I wanted to refinance the property as there is a great deal of equity available that will pay back my initial investment plus allow me to invest in a second property. If I execute the dead of transfer to my LLC and then refinance,is this a taxable event? What is the idea approach to take here considering I have to wait 6 months due to seasoning? I also have a second deal that is a cash purchase and I want to use the same strategy, is seasoning a factor when it's a cash purchase. Any thoughts will be greatly appreciated.
Regards
Davian