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Updated over 3 years ago,

Dilini Sundaram's profile image
Dilini Sundaram's profile image
Dilini Sundaram
  • Investor
  • from Burnsville, MN
  • Member since Apr 4, 2021
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17
Posts
2
Votes
Dilini Sundaram's profile image
Dilini Sundaram's profile image
Dilini Sundaram
  • Investor
  • from Burnsville, MN
  • Member since Apr 4, 2021
Connect
Dilini Sundaram
  • Investor
  • Burnsville, MN
2
Votes |
17
Posts
Buying & Selling Real Estate

Refinance with 100% equity

Dilini Sundaram
  • Investor
  • Burnsville, MN
Posted

How does the refinance in BRRRR work if you own 100% equity in a property? Will a bank still finance it? I am having trouble even explaining the situation to a bank. I bought the property for 175. now worth 230. One bank told me I need to purchase the property FROM my LLC in order to do this. Any ideas?

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