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Updated over 11 years ago,
Cash out Refi for Partner/Investor
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?