Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
JD Morris
  • Moore, SC
5
Votes |
14
Posts

BRRRR Strategy Question

JD Morris
  • Moore, SC
Posted

I paid cash for a home in my the name of my LLC. I'm going to use zero interest credit cards and my HELOC to rehab it. I want to refinance into a traditional mortgage in order to pay off my cards and HELOC and go after the next house. I've been told by a mortgage broker that I won't be able to get a traditional mortgage in the name of my LLC. It has to be a personal loan.

Is there a way to refinance and keep the home in my LLC and not my name?

If I put the loan in my name, would that be considered a sale? In other words, would my LLC have to pay capital gains tax?

How do people normally use the BRRRR strategy? Do you normally just put the properties in your name to begin with?

Loading replies...