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Updated over 5 years ago,

User Stats

143
Posts
62
Votes
Alex Huang
  • Dayton, OH
62
Votes |
143
Posts

BRRRR and Holding Properties in a LLC

Alex Huang
  • Dayton, OH
Posted

I am having some problems with the BRRR strategy, particularly with having my first property in the name of a LLC.

It seems that the banks in my area won't (can't?) refinance the property unless it is under my personal name. Since it is held under the name of a corporation, then it has to be done via commercial loan. Is this standard?

If it is, would I be better off transferring the title back into my personal name so that I can do a standard refinance? Or are there any loopholes or counter-strategies to get around this?

Thanks!

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