Updated over 5 years ago on . Most recent reply
BRRRR strategy question!
I am currently purchasing a property with three partners. We are going to be all in at around 200k after repairs, with a 240-250k ARV. The issue that we have is only one of the partners has a stable job, with w2 income, to show the bank for the refinance. Is it possible to structure a loan, 30-year cash-out refinance, where the partner with the stable job is the only applicant, even though the property will be purchased under our LLC were we all our members.
Thank you in advance for the help!