Help with BRRR! Is it too late?

[Brad Moore]

I bought a $120k house to flip in my LLC name on the best street in town. Pumped about $65k into it so now have a roughly $185k basis in it. Only $100k of it is on a 15 year commercial note.

Rather than flipping I think I’d rather keep it and rent it. Can I still get a 30 year note with my current financing situation?

Have I set myself up to get killed on closing costs now?

The house is now worth $230k. Can I buy it in my personal name for $230k from my LLC and use the equity as my 20% down payment?

I'm new to BRRR. Any tips or advice would be great.

[Brad Moore]

@Jaron Walling Cash flow should be $400-$450 a month at $1800 per month assuming a 30 year loan at around $180k. I’m fine leaving some money in it. Not looking to leave $80k in it or anything.