BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago,
New investor with LLC questions
Hello BP family, let me first start by thanking all of the BP members for their valuable input in all of the various areas of discussion on this site. Your knowledge and expertise has most definitely calmed the first timer nerves when it comes to jumping in and making a positive change for our family.
I am recently retired and thus restricted on earnings before my pension is effected. With these restriction we must run our business through a LLC in my Wifes name. We have read in several posts that getting refi/ cash out mortgages for the Brrrr method is an issue when acting under an llc.
Has anyone operating under an llc been able to successfully navigate this obstacle and scale your investments?
Any insight that can be offered will be greatly appreciated.
I am currently living in southern Illinois but am also willing to purchase in the St. Louis and Indiana markets if that make a difference.
Thank you in advance,
Tim Dunn