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Updated about 5 years ago,

User Stats

222
Posts
152
Votes
Michael J Scanlon
  • Realtor
  • Chicago, IL
152
Votes |
222
Posts

Financing for BRRRR?

Michael J Scanlon
  • Realtor
  • Chicago, IL
Posted

So I understand the full process of the BRRRR method. Buy with cash, fix up, appraise, refinance the cash out.

But the one thing I’m unsure of is how you finance it when you’re done?

If I'm working with partners as part of the deal, do we finance it through an LLC? That's what makes the most sense to me but I've read so many posts about how most banks won't give a residential loan to an LLC. Is it different once you own the property? Or do you get a mortgage that is split up as a tenancy in common or joint tenancy?

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