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Updated almost 6 years ago on . Most recent reply

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Andrew B Degnan
  • Rental Property Investor
  • PA/NJ/NY/DE
2
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LLC BRRR Strategy ideas

Andrew B Degnan
  • Rental Property Investor
  • PA/NJ/NY/DE
Posted

I have heard it is hard to secure a conventional loan via my LLC. I am looking to invest in multiple properties and have $200k to invest. Ideally I would like to turn that into 5-10 $100k-$200k properties.

My question is it easier to buy one property with cash, rehab, rent and refi that property under the LLC or pay for a commercial loan to finance the property from the beginning?

Thank you in advance for the advice.

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Jerry Padilla
  • Lender
  • Rochester, NY
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Jerry Padilla
  • Lender
  • Rochester, NY
Replied

@Andrew B Degnan

Conventional financing is going to give you the best rates compared to financing in an LLC.

You can get an umbrella policy for all your properties and it is a several hundred a year. It can save you a lot of money in interest covering yourself this route versus the LLC.

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