Refinancing to conentional loan with BRRRR
Hi BP members,
I have this refinancing part question.
I buy the house with hard money loan with cash then rehab, rent and refinance with conventional to pay back my hard money lender. So, currently, hard money lenders only lend to LLC as far as I know. So, when I refinance with conventional loan, that property is still under LLC and I wont be able to get residential mortgage, right? So, is there any way that I can transfer that property to my personal name and refinance as residential loan? Or is there any other way? So, currently, it seems like selling is the only way to cash out and pay back to hard money lender. Please kindly advise.