Skip to content
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

User Stats

13
Posts
0
Votes

Owner-occupied offer stronger than LLC?

Posted Feb 11 2020, 09:33

I am looking to BRRRR a fourplex in Saint Louis, MO. I was told that it'll be competitive to acquire the subject property because it's in hot area and bank-owned. Therefore, I should offer on the property as an owner-occupant rather than as an investor with an LLC. I have no problem at all house-hacking and living in the property for a year. The issue is that it's harder to find a hard money lender or short term lender that'll lend for the purchase and rehab in my name/knowing that I'll be occupying it when it's refinanced out on a 15-30 year fixed. Any advice on this?

Loading replies...