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Updated over 11 years ago,

User Stats

62
Posts
27
Votes
Dan Walters
  • Real Estate Investor
  • Boise, ID
27
Votes |
62
Posts

Cash out Refi for Partner/Investor

Dan Walters
  • Real Estate Investor
  • Boise, ID
Posted

Looking for any insight here on a Cash Out Refi w/a current Investor/Partner.

I have an investor that funded a SFR property last month using all cash. He will be qualified/eligible for financing on Nov. 30 after coming out of a SS 3 years ago. We want to pull the funds used in this transaction on a Cash Out Refi to put toward purchasing more properties. The issue that we face is my LLC owns the property that the investor has no ownership interest ( we have an established JV agreement between my LLC and him personally)and if we transfer ownership into his personal name we must wait 6 months to season ( per lender).

Any suggestions as to how we may be able to accomplish this refi without having to transfer and season?

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