Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Buying & Selling Real Estate
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 6 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
JD Morris
  • Moore, SC
5
Votes |
14
Posts

BRRRR Strategy Question

JD Morris
  • Moore, SC
Posted

I paid cash for a home in my the name of my LLC. I'm going to use zero interest credit cards and my HELOC to rehab it. I want to refinance into a traditional mortgage in order to pay off my cards and HELOC and go after the next house. I've been told by a mortgage broker that I won't be able to get a traditional mortgage in the name of my LLC. It has to be a personal loan.

Is there a way to refinance and keep the home in my LLC and not my name?

If I put the loan in my name, would that be considered a sale? In other words, would my LLC have to pay capital gains tax?

How do people normally use the BRRRR strategy? Do you normally just put the properties in your name to begin with?

Loading replies...