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Private Lending & Conventional Mortgage Advice

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Dave DeMarco
Pro Member
  • Rental Property Investor
  • Pittsboro, NC
85
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97
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Question about cash purchase through LLC for a no seasoning REFI

Dave DeMarco
Pro Member
  • Rental Property Investor
  • Pittsboro, NC
Posted Nov 4 2017, 12:43

I recently read on the forum that if you purchase a property for cash through an LLC by lending yourself the money (draw up a mortgage note and file it) that you can REFI out of it with no seasoning and recover your cash. I wanted to verify that this is indeed the case and connect with someone who has actually completed the process. I have an equity line I would like to use to make the purchase and pay the equity line back immediately.

Thanks in advance for any help.

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