BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 11 months ago,
Can I do BRRRR through an LLC?
I currently have a property that I am in the process of refinancing to pull money out on a deal I've been working on for 2 years. I have a partner that owns this building through an LLC we formed. My question is how do we / can we buy another property cash, fix it up, and pull out the money again through our LLC? We are obviously both on the refinance loan and I know banks don't like to lend to LLC's on residential properties so how can I use this money with my partner to buy properties and both have ownership? The property would be purchased solely from the refinance money.