Updated about 6 years ago on . Most recent reply
First BRRRR (refi) in an LLC
Hey BP, quick question...
Under my LLC I bought a quadplex that I am BRRRR(ing). The numbers are all good and we should recover our entire downpayment plus a little bit extra. We are finishing up the rehab and beginning to look for our cash-out refi lender. We are in month two of our interest-only loan, so we still have quite a bit of time. I'm curious what amortizations people are getting through an LLC. I know 15-20 is pretty normal. Has anyone gotten any 25-year AMs? We are located in Shreveport, LA if anyone knows of any lenders that might fit the bill. Our portfolio lender offered us an awesome deal for the acquisition/rehab loan, but they aren't offering anything special as far as Refis.