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Updated over 6 years ago on . Most recent reply

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3
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0
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Mark Davis
  • Property Manager
  • Waterville, VT
0
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3
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How to tap into equity on a property held by an LLC

Mark Davis
  • Property Manager
  • Waterville, VT
Posted

I have a single family rental that I am trying to do the brrrr strategy with. I have the property under an LLC which seems to have complicated the Refinance part to pull out some of my equity so I can do the repeat part. To keep this property with a possitive cash flow I after pulling out the equity I would need to have a 30 yr mortgage but im being told you can't do that with an LLC. Any Ideas on the best way to move forward?

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