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Updated over 7 years ago,
My first BRRR Refi has an issue!!
We are 8 months into our BRRR strategy and on our 3 house. The first 2 homes we bought about a month apart. Rehab went great, renters are great all good.
Then came Refi. When we bought the first house, I titled it in my name. The second I titled in the LLC name. At closing, the first house went great. The second house failed to get approval because it was my LLC name. Now the lender has instructed me to do a quick claim deed on the last 2 homes and change to my name, but I have to wait another 6 months to Refi!!! Are there lenders that will lend to an LLC?
Any suggestions???