hard money lend > Refinance

[Timothy Howell]

Just to clarify,

I am about to pull the trigger on my first rental purchase,

My intention is to be purchasing under my LLC and of course it is a debut purchase for it.

Using a Hard Money > Refinance property strategy is it possible for me to run into a problem getting the property refinanced due to a 600 credit score in my own name ?

My deal provides (according to the BP calculators) a little more than 40k of initial equity straight off the bat and positive cash flow in all phases of the loan. The property is in great shape with only some minor cosmetic improvements needed to bring it up to par. It looks great on paper as a buy and hold and/or re sell.

I am just unclear on exactly how the refi transition works for a new business, I am trying to support this with minimal cash out of my own pocket and a "not good enough" credit score

I believe this is the best route for us but I am open to advice,

Thank you.