THE second to last R in the BRRRR STRATEGY

[Richard Kelly]

Hello All!

I have a question for anyone that has successfully completed a BRRRR deal.

I have a house I purchased with hard money and initially I was going to flip this property but I am now thinking about holding it. 2 banks I've used before for real estate deals told be they couldn't refinance on my personal name because the property is held in my LLC.

My question is are you guys that have completed a deal with hard money under your LLC refinancing under that same entity or are you getting a new loan under your name. I'd prefer the latter because terms are better.

Please let me know what you guys are experiencing.

Thanks a million!

[Christopher Drane]

@Richard Kelly if the terms are better, why not just have your title company deed it back into your name, close on the refi, then deed it back to the LLC?