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Updated over 7 years ago,
Refi out of Hard Money Loan LLC issue
I'm noticing HML's in my area only lend to your LLC. My question is, how would one refi out of the loan if using BRRR method? I'm not sure it would be possible to get a conventional refi in your own name if the property is currently owned by your LLC. Anyone else have an issue with this?
Current situation: Looking at purchasing a duplex with hard money, would like to cash out refi and hold onto property once renovations are complete.