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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 7 days ago, 11/13/2024

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6
Posts
5
Votes
Nevin Wilkie
  • Real Estate Agent
  • Albany New York
5
Votes |
6
Posts

Refinanced my first BRRRR but bank will not let me put it into an LLC

Nevin Wilkie
  • Real Estate Agent
  • Albany New York
Posted

I just completed my first rehab on a distressed property I have bought. I just completed a cash out refinance on the property but now the bank tells me that I am not able to put the property into an LLC. Are there any work arounds to this? I don't really want to rent this property without having an LLC just in case anything does happen. What should I do?

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