How does a BRRRR work with a partnered LLC?

[Ryan Stevens]

My dad and I have partnered on two flips and one single family rental over about two years. We purchased each deal with cash and had the properties in our LLC so we both had part ownership of each property.

We would like to start leveraging the properties we buy and start using the BRRRR method. How does this work if an LLC can not typically qualify for the refinancing of the property? Are their lenders out there that work better with corporations and LLC's? Is there some way it can work where we both still have ownership of the property, can refinance the property, and still protect our assets?

My worries are:

1. Dealing with the due on sale clause (I realize it is rare to be called on it, but we want to be safe)

2. How could we split the cashflow and profit at the time of sale if the property is only purchased under one name?

3. If the property is titled under both of our names would that complicate things on the financing end? He would definitely qualify for significantly more than me.

4. We both have assets that need to be protected.

Any suggestions would be very much appreciated! I'm sure there are others out there wanting to partner up with friends/family wondering the same thing. Thanks!