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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Washington, DC
14
Votes |
94
Posts

Will bank’s refinance a property that’s held under an LLC?

Account Closed
  • Rental Property Investor
  • Washington, DC
Posted

I'm interested to know if I were to use the BRRRR strategy and purchase a property under an LLC, when it comes time to refinance would the bank lend me the money or will there be an issue due to the fact that the property is owned by the LLC and not myself? If so are there any strategies I can use to as a workaround?

Additional information: this would be the first property purchased under the LLC

Most Popular Reply

User Stats

121
Posts
71
Votes
Jim Paulson
  • Boise, ID
71
Votes |
121
Posts
Jim Paulson
  • Boise, ID
Replied

@Account Closed you might check with a local or regional bank / credit union that does portfolio lending. I have a lender here in Boise that will lend to an LLC if they have a good track record and they only charge 0.25% more on the rate.

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