Buying a House with LLC but refinancing for a rental under personal name

[David Chappell]

Hi, I am under contract on another property. I am either going to flip it or keep it as a rental. I am getting a hard money loan for the property under my LLC, but if I keep it I would like to refinance out of the HML into a 30 yr conventional load under my name.

Can anyone give me a quick rundown how that would work? Would it just be a normal refinance process or are there further steps that need to be taken to get the property under my name before the refi is complete?

Thanks!

[Carlos Valadez]

Hi David..as long as your operating agreement can demonstrate that you are the owner of the LLC there should be no problem in refinancing out of the HML. Just as long as your LTV after ARV is 75% or less you'd be good