Refi on an LLC-owned Property, with personally-held mortgage?

[Rob Gervais]

Hello everyone, I’m new to BP and I was hoping you could shed some light on one of the steps in the BRRRR method. My LLC owns my duplex, but the loan is in my name. Can I do a cash-out refinancing, or will I have to “buy” my house back from the LLC? Thanks!

[Brad Shepherd]

Amen to the umbrella policy reminder mentioned by @Jay Helms. That'll help you sleep at night. Another common approach is to just deed the property back to your LLC a month or two after you refinance. (Give it time for your loan to be sold to the final note holder.) Yes, this opens up the due on sale clause and you can waste a week reading everyone's opinion on that, but the bottom line is that it's that it's done very often.