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Updated about 6 years ago on . Most recent reply

Kenneth Biason's profile image
Kenneth Biason's profile image
Kenneth Biason
  • from Fort Lee, NJ
  • Member since Jan 9, 2019

User Stats

57
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9
Votes
Kenneth Biason's profile image
Kenneth Biason's profile image
Kenneth Biason
  • from Fort Lee, NJ
  • Member since Jan 9, 2019
Kenneth Biason
  • Fort Lee, NJ
9
Votes |
57
Posts
Private Lending & Conventional Mortgage Advice

Refinancing Options for an LLC

Kenneth Biason
  • Fort Lee, NJ
Posted

Hi everyone,

I have 3 investing partners and we have formed an LLC in hopes to find a BRRR deal. Our plan is to buy the property in cash and refinance after seasoning. Is it possible to find a bank that will provide refinancing to our LLC that isn't commericial rates?

We created the LLC not only for legal protection but we figured it would be simpler to handle calculating the taxes. If this is not possible what would the alternatives be?

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