All Forum Posts by: Account Closed

@Steven Tawresey

Yikes. That's why I always tell people to figure out their back-end financing first before taking on a BRRRR. It'll dictate how you structure your upfront loan (vesting, seasoning, etc).

If you're okay with a rate and term refinance (and leaving some money in the deal), you can do that with a conventional loan. It doesn't require any seasoning, but you will have to quit claim it to your name and then do the loan, like your broker said. Do you need it titled in your personal name? You shouldn't be putting it in the same LLC that you flip with (for tax purposes).

If you still want it in an LLC, trying finding smaller commercial banks in your area. They can probably do it somewhere between 4.5% - 6%. I know someone who lends nationally who can do it between 5%-7% as a 5 year ARM, but it sounds like that's still too expensive for you.