Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

4
Posts
0
Votes
Jason Josey
0
Votes |
4
Posts

Refinancing from an LLC I own

Jason Josey
Posted

Hi all, I remember hearing a BP Podcast about refinancing properties, there was a comment made about refinancing out of an LLC that you own - as long as "your arms length away", but this method was not expounded upon.
My lender will only refi 65% of the purchase price/apprised value (whichever is less) if we own the property less than 1yr, and 80% LTV after 1yr of ownership. However, I'd like to refinance out of this property immediately with as much of my cash back as possible; here's the question; How can put the property in an LLC I own at the initial purchase and still be "arms length away" enough so that the bank will allow me to refinance/buy out the property at a higher LTV into my personal name?
Any advice is very much appreciated! Thanks in advance! 

Loading replies...