Help with a Refinance on a Rental Property
Looking for insight from landlords or Brandon(the man, the myth, the legend himself) that have done the BRRRR strategy as coined by
We bought our 1st rental cash, all renovations are completed and we are getting it ready to list for rent. We are hoping someone can explain what to expect when trying to refinance and pull our cash out for the next one. Property is currently owned in an LLC so it appears we're most likely going to have to get a commercial mortgage which will probably be adjustable? Do people hold rentals in their personal name so they can get more favorable rates/terms/lengths on the financing and just pile on an umbrella insurance policy for protection?
Any and all information will help!
Thanks,
Ray & Hannah