Commercial loan for LLC with no seasoning issues to cash out refi

[Chris Davis]

Hello fellow BP's. I have a question, I am seeking to purchase 2 single family houses. The first property is valued at 45K and currently rents for $600 per month. The second property is valued at 35K and currently rents for $500 per month. I have two questions, first I can purchase these properties at a good discount 25K for both houses. Second, I would like to buy under my LLC (commercial loan), then cash out refi (within 1 month) based on the appraised value not the purchase price. Is this a possible scenario using my local credit union. Insight greatly appreciated!!

Thanks in advance.

[Tony Nguyen]

Credit unions definitely are easier from my experience, but won't lend non-recourse (assuming that's your question). An idea would be buy via hard money (or private loan) and then take the deal to the credit union after w/ equity to look stronger?