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Updated over 5 years ago on . Most recent reply presented by

User Stats

62
Posts
27
Votes
Tim Healey
  • Investor
  • West Palm Beach, FL
27
Votes |
62
Posts

LLC on First Stage of BRRRR

Tim Healey
  • Investor
  • West Palm Beach, FL
Posted

Hi All, 

Working on my first BRRRR and have a question re entities: Obviously I can buy in an LLC as I am buying for cash. However, when I go to refinance the deal after I have rented and rehabbed, I'm assuming the bank will want it to be in my name not the LLC (correct me if I am wrong).

If my assumption above is correct, is it worth me starting out in an LLC or do I just keep it simple and buy in my name?

Thanks 

Tim.

 

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