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Updated over 5 years ago,
Type of business entity best suited for BRRRR?
Hello Everyone,
I am a real estate investor from California looking to make my first out of state investment in Kansas City.
I am planning to purchase and rehab my first property through a business entity. Per the BRRRR method I will purchase and rehab the first property with cash. What type of business entity would you recommend for such BRRRR investments (LLC, S Corp?). If I form a California LLC, will I be able to find banks in KC willing to refinance my property after Rehab and Renting? Has anyone done this before?
Thanks in advance for helping out.
Thanks,
Arun