Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Looking to refinance with new partners credit
I'm in the final stages of rehab on a BRRRR property which I paid cash for and am looking for some advice on pursuing my refinancing options. Unfortunately my credit is not good enough for the refinancing aspect of the deal so I'm opening an LLC with my business partner for this and future properties. I heard that it will be nearly impossible to get traditional financing with an LLC, is this accurate? If so, what is the best way to add my partner to the deed to get the refi? And then transfer ownership to LLC prior to renting out? I heard the banks might have an issue with this as well. Keep the property in both of our names through out the entire investment? Then I'm vulnerable to lawsuits. Not sure how to structure my future moves and will be grateful for the advice. Thanks