Buying to do a BRRRR under LLC? or not?

Buying to do a BRRRR under LLC? or not?

Palmdale, CA · Member since 2017 · 28 posts · 4 votes

If you are buying a property to do a BRRRR, Do you buy under your name or under LLC? I'm asking because i came across a post that they said lender would not refi with cash out under LLC.

Could the other option be buying under your name do they whole process then change ownership of the property to the name of your LLC?

or is this location dependent? 

Answers would be greatly appreciated it.  

Thanks 

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  • Wholesaler · Dallas, TX · Member since 2017 · 306 posts · 133 votes
    7y

    Hello David!  Just do a transfer and do not take any liability under your personal ownership.  You can go back and forth based on what your lender needs.  Most Banks require some sweat equity and others don't.  Good luck to you!

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