Using a land trust to cash out refi

[Chris Davis]

Hello fellow BP's. I need some advice, looking to purchase 2 single family properties with real good cash flow. Owner is good friend, and giving me a great deal on both properties. My goal is to purchase then turn around and get cash out refi on both houses. My question is there a good strategy I could utilize where I create land trust with the current owner is trustee and my LLc is beneficiary, then once created go to my local credit union and refinancing both properties soly in my LLC name? Any insight is greatly appreciated!!

[Chris Davis]

Thanks John and Wayne appreciate both of your inputs!