Should I sell my flip to my wife with 135k equity

[Randy G.]

I bought this flip a couple months before

We got married under my llc. Should

I sell the property to my wife for

200k to pay off hard money and keep

It as a rental? ARV 335k.

Rents go For $1700-$2000.

I think she can get a way better rate then I can.

If I can pull out at least 40-60k and cash

Flow covers mortgage and heloc payments

I would be happy.

Is there a better Strategy? What would you do?

Definitely sounds like the brrrr strategy

Just not in my llc.

[Austin Jones]

@Randy G.

If you are selling the house, make sure you talk to your CPA because you may have to pay Capital Gains. The beauty of the BRRRR is that when you refinance you're not having to pay capital gains tax.
But since you are married now, depending on how your LLC is set up could you just do a quitclaim deed to your wife then have her do a cash-out refinance to pay off the Hard Money? I know I can do a quit claim the other way (going from me to my LLC) without having to specifically "sell" the property.

Please note - this is not legal advice, just passing on things I have learned and heard. 

-Austin