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Updated about 6 years ago,

User Stats

5
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0
Votes
Carl Griffin III
  • Rental Property Investor
  • Chicago, IL
0
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5
Posts

BRRRR Out-of-state with LLC

Carl Griffin III
  • Rental Property Investor
  • Chicago, IL
Posted

Hello BiggerPockets Family!

So I am forming an LLC and came across a couple questions, and who better to ask then my fellow REI community.

1.) How would you actually acquire the property? Do you send the property managers on your behave? Hire someone to sign all the doc for you? Have the docs sent to you? Whats the process for that?

2.) How will both investing out-of-state and having an LLC differ while doing the BRRRR strat? Specifically with the Refinance step? Will I have to have more properties at once? Can i still get a HELOC or some line of credit period? And since I wont be able to phyiscally be at the bank, how would that process work as well?

Thank you in advance, and if you would like to know more about me and my business plan and want to be a potential investment partner, please don't hesitate to PM me! 

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