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Updated over 8 years ago,
LLC leverage options
Hi BP.
My wife and I are new to the US from Australia so are just starting out credit rating adventure.
We're exploring options for 2 different strategies, BRRR or flip multiples and keep every other property to create a portfolio. We are very ambitious and would like to do this full time. I have completed a number of full house renovations and a plumber by trade.
We have 2 SFH rentals in Australia which are cash flowing and I'm in the process of selling our personal residence to help fund our future here.
We are leaning towards BRRR but ultimately comes down to what options are available to us when it comes to refinancing for a LLC to leverage into our goals. We have ~$200k usd cash available for initial purchasing and rehab costs.
What are our options and or requirements for private lending/commercial loan/portfolio lender for either scenario?
Kind regards,
Warwick