using the BRRRR strategy

[Josh Hubbard]

My partner and I established an LLC in October of last year - the same month that we purchased an SFR. There is no mortgage on the property and after rehabbing, it has been rented since March. We are attempting to BRRRR the property and are in the process of working through the cash out refi. Lenders are saying that because the LLC is jointly owned (50% for my partner and I) we are unable to do the cash out refi and that if we take it out of the LLC and put the deed into our names, we'll have to wait the 6 month seasoning period. Any insights into this matter would be greatly appreciated.