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Updated about 6 years ago on . Most recent reply

User Stats

55
Posts
90
Votes
Jon Allen
  • Rental Property Investor
  • Bloomington, IL
90
Votes |
55
Posts

BRRR Refinance with Checkbook IRA

Jon Allen
  • Rental Property Investor
  • Bloomington, IL
Posted

I've got a house under contract through the LLC owned by my SDIRA. I could simply flip the house but my long-term strategy is to acquire rentals through BRRRR so I'd like to do that here if possible. Non-recourse loans directly to my SDIRA are in the 65% LTV range, making this less than ideal from a BRRRR standpoint. My question is, does the fact that the LLC will own the property expand my refinance options at all, or would I still be limited on an LTV standpoint because it would be a non-recourse loan since I can't personally guarantee it?

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