Updated 3 days ago on . Most recent reply
Very basic BRRRR question that I'm having trouble finding advice on
I have a 4-plex that is mortgaged in my name, but right after getting the mortgage I quick-claimed the property into my company for better liability protection. So, seems like if I want to refi, I would need to move the property back into my name, since banks don't do mortgages for companies. This seems like a good way to have trouble with mortgage companies. Are most of y'all just keeping properties in your name when you want to do a BRRRR?
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Matthew Crivelli
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Matthew Crivelli
#2 Private Lending & Conventional Mortgage Advice Contributor
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
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You can use a DSCR loan product. Many options to cash out and keep the property in your LLC.
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