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Updated about 8 years ago,
Refinance after buying with private money in LLC
We are about to buy a property for 25k with an ARV around 60k. We are buying it with hard money and then looking to cash out refinance (80% LTV). Should we buy the property under our personal names, or is it possible to cash out refi with the LLC? Should we get our own appraisal before going through with the deal or does the bank want to use their own appraiser?