A little confused

[Mike Lee]

I checked out this national rehab lender that requires you to close under an LLC. I also went to the bank to see what I would qualify for with a conventional loan. They said that I can not refi or buy with an LLC name. The property has to be under my name. How the heck am I supposed to be able to buy with private money under an LLC and then refi? I am confused.

[Steve Babiak]

Originally posted by Mike Lee:

... I also went to the bank to see ....

Visit one bank and you think it can't be done because that one told you no!?! Try visiting more than one bank then. Start with the smaller local community banks. Find out from your local REIA members who they are using. Ask the HML for tips on where you might be able to go to get the refi.

You gave up rather than trying harder, IMO.