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Updated over 5 years ago,
Can you BRRRR into an LLC?
I keep hearing and reading that moving a house into an LLC can trigger a "due on sale" clause of a typical mortgage. I got to wondering, what if I buy a house for a BRRRR strategy directly into an LLC with cash? Would a bank then loan the money to that LLC for the refi?
It seems like that would be an easy way to get homes into an LLC without risking the banking coming for its loan, but I'm a complete newbie, so I don't know what I don't know.
Thanks for any advice!