BRRRR Mortgage Broker Needed
Hello BP,
I'm just looking for a little refinance help. We have a SFR in Atlanta, GA with a loan balance of $140k. It's worth $260k. We have it rented at $1,695 / month on a 2-year lease.
We are looking to refinance, about $180k with long-term debt.
We hold this in a LLC that has financials since 2018.
Anyone have ideas or help?
Thanks in advance!
Most Popular Reply
If you quit claim it back to your personal names, you can refinance it into a Fannie Mae loan at the best cash out refinance rates. Then when you are done, you can quit claim it back to the LLC without violating the due on sale clause, as Fannie changed their rules back in 2016 to
allow this.