Cash out refinance and entity structure

[Keith A.]

My brother and I recently purchased a SFH for cash and are doing some rehab on it before we lease it. The property is currently in my name but we are in it 50/50.

We would like to lease it and then do a refi and pull some of the money out to buy more properties.

My question is what approach should we use for the entity structure that allows us to also refi. Do I do the refi while it is in my name and then quit claim deed it to a multi-member LLC where my brother and I are 50/50 partners or do the opposite and refi it after it is in an LLC? A little confused over the approach and do not want to create unnecessary work by doing something wrong.