Refinancing Hard money in a BRRRR deal

[Rudy Manna]

Me and a friend on mine are jointly doing a BRRRR deal. We bought under both our names (both individual names are in the title). Now we need to refinance.

We are wondering if there is a way we can refinance it under my friends credit (his credit is better and he is willing to help), is that possible? Can I transfer to a LLC and have 50/50 between him and LLC, and the loan under his credit?

Anything else I can explore?

[Ruth Bayang]

@Rudy Manna, I'm always up front with the bank and tell them my intentions. I haven't had a problem. As far as quit claiming and a friend leaving you to hang dry, sure that happens. Choose your friends and business partners wisely. Have agreements set up and drawn up by an attorney.