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Private Lending & Conventional Mortgage Advice

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Joseph Hummel
  • Rental Property Investor
  • Crystal Bay
38
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59
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BRRRR paid off is it a cash-out or just a refinance?

Joseph Hummel
  • Rental Property Investor
  • Crystal Bay
Posted Jul 23 2021, 08:50

I'm just about done with my first BRRRR

I purchased it with HELOC attached to another property so there was never a mortgage on the property.

To get a mortgage on it so I can access the equity what are my options? 

I've heard you can essentially sell it to yourself to access 100% if you use an LLC (if the LLC owned it), but I think I would have had to place it into the LLC awhile ago which I did not, correct?

Thanks

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