BRRRR Refinance confusion

[Chaits J.]

Hello All,

I read through multiple posts but there is still a little bit of confusion with the refinance step of BRRRR model. Below are my deal details and i would like suggestions from the experts on what my best options are for refinance. I am still at the buy stage but want to be prepared and have my refinance strategy in place before i pull the trigger.

Wholesale purchase cost: $200000

Closing Cost: $7000

Rehab Cost Estimate: $40000

Holding Cost: $5000

Total estimated cost until unit is rented: $252000

ARV of the property is $325000

What are my best options and why for a maximum cash to be pulled out during refinance with a less seasoning time.

a) Full own Cash - LLC

b) Full own Cash - Personal

c) Hard Cash - LLC

d) Hard Cash - Personal

Happy friday and thanks all in advance!

[Julio R Gonzalez]

@Chaits J.

How are you financing the first part ($240k, assuming the holding cost and closing are your own money)?

Is the initial loan 6 months or more?

I have no experience but I'm interested to see what others think.

JRG