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Updated over 12 years ago, 08/03/2012
Can i get a Refi with my LLC?
I am hearing a lot about not being able to refi rental property held under my LLC.
I guess if your going conventional refi you need to have the property quit claimed back to your personal name for 6 months before Fanny or Freddie will even consider the refi.
I am fairly new to buying and holding and this news is very disturbing to me because i need some cash for some other flips and holds.
Any advice or help on this matter will be appreciated. If you know any lenders private or conventional that can help please let me know i have a hard money loan on the deal 1 year balloon 12% interest.
If worse comes to worse i can scrape the money together but who would want to do that, i need the cash liquid while still holding the property, Its a great hold. Thanks every one.