How do you finance your rentals through your LLC

[Megan Davis]

Hi, I’m looking for feedback on what avenues rental property investors are taking to get financing for property purchases. Every bank I’ve talked to requires 20% down which leaves very little for rehab purposes. Are you using the BRRRR strategy or hard money lenders? Any info would be much appreciated. Thanks

[John Leavelle]

Howdy @Megan Davis

I use the BRRRR strategy currently. I use a Private Money Lender to purchase and rehab the property. I use my own HELOC and personal LOC to pay for Holding costs and any unexpected costs. I then use local banks and credit unions for the cash-out refinance. I get pre-qualified/approved for the refi loan prior to purchasing the property.