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Updated almost 4 years ago,
Rate and term refinancing with BRRRR
I caught a glimpse of a topic that interested me in a BRRRR Facebook group and I'm struggling to find any solid information on the topic. It was mentioned that if you have the capital, you can lend to yourself through an LLC for your initial purchase and rehab. When you get to the refinance stage the benefits show themselves. Supposedly you can then get a rate and term refinance to pay back the LLC. rate and term allows for better terms and an easier lending experience than a cash out refinance. Does anybody have any insight or experience on this topic.
Thanks in advance for your time.