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Updated over 2 years ago on . Most recent reply

Jackson Hill's profile image
Jackson Hill's profile image
Jackson Hill
  • Flipper/Rehabber
  • from Sterling, VA
  • Member since Jan 5, 2016
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Jackson Hill's profile image
Jackson Hill's profile image
Jackson Hill
  • Flipper/Rehabber
  • from Sterling, VA
  • Member since Jan 5, 2016
Connect
Jackson Hill
  • Flipper/Rehabber
  • Sterling, VA
3
Votes |
7
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Cash out refinance on Rental property owned by LLC

Jackson Hill
  • Flipper/Rehabber
  • Sterling, VA
Posted

I have few properties under LLC. I'm trying to figure out based route to cash out refinance. Does anyone know any lenders that works with BRRRR investors under LLC. Im just looking for some lenders with favorable rates for LLC.

  • Jackson Hill
    • Columbia, Maryland
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    Riaz Gillani's profile image
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    Riaz Gillani
    • Lender
    • Member since Dec 11, 2021
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    Riaz Gillani
    • Lender
    • Member since Dec 11, 2021
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    Riaz Gillani
    • Lender
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    Riaz Gillani
    • Lender
    Replied

    Private, DSCR Lenders (aka Non-QM) allow vesting in an entity for non-owner occupied properties. Must be leased + rented during appraisal inspection and / or closing. I'm sure you'll get a rush of those very lenders on this thread. So I'll just add that I've been seeing rates for a creditworthy borrower (700+) for a 30 Yr Fixed Rate, 75% LTV Cash-Out Refi at 6.500% to 7.500%.

    Good luck!

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