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Updated almost 4 years ago,

User Stats

324
Posts
780
Votes
Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
780
Votes |
324
Posts

Refinancing to my LLC?

Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
Posted

Please.. Someone help me. I am so tired of all of this legal nonsense, paperwork, questions. None of this is getting me closer to a deal and I feel like I'm going to pass out. 

I am looking to buy a small multifamily in KC with a capital partner. We will be using hard money to acquire and fund the rehab. After a period of time we will be refinancing the deal and pulling our money out. I don't know how LLC's, JV agreements, all of this garbage works. I feel like I'm losing my mind.


The lenders I've spoken to can't give hard money to private parties. We were planning to just close as two private parties with a JV agreement in place outlining the relationship.

With this said, how will a brand new LLC affect getting a fanny/freddy backed 30 year mortgage on the property? I can see this being a red flag. How will we get a good loan if we're a brand new business?

I need help. I'm exhausted dealing with all this. 

Thank you.

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