My LLC Holding the Note to a Property I Personally Hold Title To

[Rich Ramjatan]

Hey BP, 

For those of you who successfully used this strategy to refinance and work around the seasoning period, what specific questions did you have for the underwriter? I read a few forum post where underwriters had an issue with the LLC (Who Holds the Note) being owned by same individual who is applying for the loan(Refinance). I Do not want to ask the wrong question, nor Do i want to start an application only to get rejected by underwriting.

I have a cash Purchase under contract and have begun shopping for lenders who can successfully complete this transaction. I Spoke to 1 lender today, and didn't seem to understand what I was talking about. I am only looking to get back my Purchase Price . 

For those interested in this strategy, check this post out :

https://www.biggerpockets.com/...