Refinance Owner Financed Property - Residential or Commercial

Hi All -

I had a quick question about a deal that I'm looking at and would love any and all feedback. This would be 4 Duplexes, 1 triplex, seller financed. The balloon is 3-years and I would be looking to implement the BRRRR strategy in order to do a cash out refi, and thus pay the owner off the remaining balance. The numbers work well.

My questions are in regards to my exit strategy.  I understand that residentials are 4-plexes and under, does this still hold true when looking to refinance multiple units whose sum take you beyond 5-units?  In order to properly implement a cash out refi, would I be better off purchasing said properties in my own name or through an entity?  My first inclination is to purchase the 5-units through a corporate structure in order to cleanly document repair expenses, etc (maybe that's not important?).   However, I've seen in past posts that best terms are achieved when refinancing property held in your personal name.  

Any guidance would be greatly appreciated.

David

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@Billgulley

Keywords: Fayetteville, North Carolina, Seller Financing, Owner Financing, Creative Financing,