Buying in an LLC with a Cash out Refi

[Ryan Saulle]

Hey BP members! Question regarding buying a property in an LLC with a partner.

If I purchase a buy and hold property in an LLC with a partner 50/50 split (BRRRR) and we go to get a cash out refi is there going to be restrictions when it comes to the refi part? Does it depend on the bank / lender? Will they do a cash out refi keeping it in the LLC or does it have to come out?

Any help would be appreciated!

Thanks,

Ryan