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Updated almost 5 years ago,
BRRRR Method, Cash Offers, with partners, LLC Setup?
Looking to purchase multiple BRRRR deals with two partners. Our plan is to set up an LLC for each individual property we buy. We would like to name our LLC's after the properties. Our question is do we set up the LLC before submitting offers, or do we submit offers and then set up an LLC as soon as it gets accepted. What is the best point in time to set up the LLC so the entire acquisition is as efficient as possible? With that being said, I've read that banks typically don't finance to LLCs, which is fine as we're buying all cash, but when we refinance, how does that work if the property is owned by an LLC? Any feedback would be greatly appreciated.