Updated over 8 years ago on . Most recent reply
Cash out Refi - BRRR
Hi Everyone!
I am pumped to announce I have just completed my first investment acquisition in Charleston, SC. We did a week of renovation and already have it rented out. I set this property up in an LLC and am now looking for a way to obtain financing. I spoke with traditional banks, small community banks and some private lenders but all of them seem to require a personal guarantee or some other form of traditional verification. Has anyone had luck getting non-traditional financing? I guess this would be a "portfolio loan" in the community banking terminology. Please let me know thanks!
Chris