BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 4 days ago, 12/13/2024
Refinancing my current FHA to Commercial Financing
Bought a 4 plex with an FHA loan under my personal name. Closed on it January 19th 2024. After renovating, I'm ready to refinance and push the property to my LLC. Am I going to run into any issues with this if I close before a full year? Any taxes or other issues that I may run into down the line?
The goal is to pull the 60k worth of equity out and free up my FHA & DTI so I can rinse and repeat. Just want to double check I'm not going to run into any issues. Thank you!