Hard Money for Buy and Hold Rental Properties
Hi BiggerPockets Community,
I am a new Investor and I just had a quick questions about using hard money to purchase a buy and hold rental property. I plan to Buy, Rehab, Refinance, Rent, and Repeat (BRRRR) by using hard money. Can anyone explain how to refinance on a hard money loan if the property was purchased through an LLC.
Property Details (Purchase price: 115k, Rehab 20k, ARV 180K)
Do banks refinance to LLCs?
Can anyone walk me through or give me steps on how I can go about refinancing?
What are some exit strategies if I am not able refinance? (I would still like to hold on to the property)