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Updated almost 2 years ago,
Cash out refi on a Brrrrr :)
Ok so I love the Brrrr strategy but I am running into these 2 obstacles from lenders:
1. Since it's an investment property and bought in my LLC - lenders are saying that they can't do a cash out refi on a commercial loan/business loan
2. If I keep in my personal name so I can do the cash out refi, then the interest rate is about 1% point higher on a cash out refi than on a rate and term
What are you guys doing differently to make this work?
Thank you