BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,
BRRRR METHOD CASH OUT REFI-ARM VS. FIXED RATE
Hi,
First time poster here. My husband I recently purchased our first duplex using the BRRRR method. We purchased through our LLC and paid cash. We've been talking with different banks. Do all cash out refi's in an LLC have some sort of ARM in the terms or is it possible to do a cash out refi 30 year fixed? One of the banks is quoting us 75% LTV with 10/6 ARM...locked for 10 years, 30 year amortization.
What have you found to be the most challenging when purchasing and refi under an LLC? Anything I should know of ahead of time as we work through this process? Thanks! Looking forward to feedback and further discussion.