Insight on mortgages using BRRR method with investors

[Gina Shumway]

I am wanting to BRRR. I have 2 investors. May I ask the following:
How do I refinance with a 30 year mortgage with investors? I don't know if they would want to be on every loan (nor do the work).

Do I form an LLC with my investors, but then go get a conventional cash out re-fi myself?

And how do taxes work if I didn't form an LLC so we could get a conventional loan?

I hope this makes sense. I had planned on doing a joint venture or LLC but then was told i could not work with mortgage lenders and I would have to go through a bank. How do others do this?
Thank you for all your insight and help!

[Nicholas L.]

@Gina Shumway OK. No offense intended... but I think it's pretty difficult to BRRRR right now. You really need everything to break your way - you have to find a great deal, you have to have contractors ready to go, materials prices are up and it's taking longer to get everything, and then you have to refi with the higher rates that are available. I just finished one myself and I got everything right except for the appraisal - it was low and so I "left money in the deal." And I was able to refi at 6.5% which I don't think is available anymore.

So, I get nervous when people who have never done a BRRRR before are using tons of leverage, which it sounds like you are.

Just my two cents.