Updated almost 6 years ago on . Most recent reply
Refinancing on a BRRRR property purchased in LLC
I am looking to purchase a property and would be using hard money to make the purchase. The hard money lender will only lend into my LLC for the purchase, and I can't purchase in my personal name. After my 6 months of seasoning, when I go to refinance, what would my options be to do a cash out refi? Since the property will be in my LLC name, any financing would need be done with a commercial loan, which is not near as friendly as a conventional loan. Any ways around this or will I be stuck with commercial financing as being my only option? It would have a significant effect when determining my cash flow for the property after refi. Thanks for any guidance that you can provide.