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Updated over 5 years ago on . Most recent reply

User Stats

294
Posts
47
Votes
Rigo V.
  • Investor
  • Morris Plains, NJ
47
Votes |
294
Posts

LLC Loans-Refi after for BRRR

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted

I think I confused myself. Most hard money lenders will require you to close in an LLC. How are people refi'ing in a conventional loan after their rehab to get their cash back out? Don't think you can get a conventional loan in an LLC?

Are investors just going commercial for a duplex? I find that hard to believe and dont even think its possible. 

Most Popular Reply

User Stats

9
Posts
4
Votes
Alex Bucklin
  • Rental Property Investor
  • Plymouth, MI
4
Votes |
9
Posts
Alex Bucklin
  • Rental Property Investor
  • Plymouth, MI
Replied

@Matt Hurley how did this end up working out for you? In a similar situation right now where we are closing in the name of an LLC (cash) but would like to still use BRRR to refi. Trying to decide if we should close in personal names instead to take advantage of conventional financing, or if there are good commercial lenders in the area who can work with us on a refi for LLC (the ones we've spoken to so far aren't interested in providing commercial loans on a SFH). Thanks!

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