Rehab, then sale after renting for 1 year, or refinancing & rent

2 Replies

I see many flip within a year; tax rate is too high. 

Do you hold the rehab property in LLC to minimize risks?

If you put it in an LLC now, youll have a tough time refinancing.

Refinance and rent first, then put it in an LLC if you want to go that route. But for liability, sometimes adding an umbrella policy is enough. Everyone has a different take on this though, whatever you are comfortable with.

I have to put it in LLC to minimize risks during buying and rehab period. After finding tenants and before refinance, I may transfer the title from LLC to persons, if the lender requires so.