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Updated almost 5 years ago on . Most recent reply

User Stats

19
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9
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Marcus Palm
  • Rental Property Investor
  • Columbia, MD
9
Votes |
19
Posts

Using an LLC to BRRRR

Marcus Palm
  • Rental Property Investor
  • Columbia, MD
Posted

Are there any negatives to starting an LLC to BRRRR or is it better to refinance under the personal name.

I know when purchasing the traditional method using an LLC would require 20% down. But when refinancing under an LLC I'm guessing it wouldn't really matter because you'll be refinancing at 70% or 75% LTV.

I'm looking to have a huge portfolio rentals in the Baltimore area and only using the BRRRR method, therefore starting an LLC would be best right ?

Most Popular Reply

User Stats

380
Posts
586
Votes
Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
586
Votes |
380
Posts
Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Marcus Palm Here is a quick read that lays out the pros and cons of forming an LLC:

https://www.biggerpockets.com/blog/real-estate-llc-not-best-option

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