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Updated over 5 years ago,
BRRRR and Holding Properties in a LLC
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!