Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

3
Posts
1
Votes

New Investor here, how would you do it, if you could start again?

Dillon Vansickle
Posted

Hi all, 

I've been learning alot about investment properties over the past year or two. I'm currently waiting for a seller to sign my offer on a duplex. I'll be purchasing in cash and then refinancing out ASAP. I plan to have this property in an LLC, but I know that can bring some complications with refinancing. I'm meeting with a few lenders over the next week or two, so I have some options.


From what I understand, upon purchasing the property I'll quick claim the deed into the LLC, but then I'll likely need to transfer it back when I want to refinance. Depending on amount of time I wait, I'm wondering if it may be smart to leave it in my name for a short amount of time, refinance and then quick claim the deed into an LLC?

How would everyone recommend I complete this in the most efficient/smartest way possible? I'll be able to use delayed financing with this, so no waiting period needed, although I still may wait a bit. Not exactly sure. Doing this the correct way is what is most important to me.

Loading replies...