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Updated over 5 years ago,
LLC on First Stage of BRRRR
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.