1st BRRRR Refinancing With my LLC

[Andrew Menkes]

I recently purchased a property through a LLC with a HML. Had it rehabbed and a renter moving in this week! Any suggestions/strategies to use to refinance the property? This is my first buy and hold investment and finding a bank/lender to refinance the property is the last hurdle I'm having difficulty getting over. Any advice would be helpful.

Purchase: $85000/$25k down payment

HML: $85000 (6month) $60k/house $25k construction @12%

ARV: $135000

Purchased beginning of June. 

[Benjamin Seibert]

@Andrew Menkes you may have some luck with some small local banks that are willing to lend more freely. Some of the larger banks have really tightened their guidelines. 

@Alex Bekeza is a great source for refinancing. I've used him before and is great to work with and awesome at keeping you informed and up to date with any changes. I'd recommend reaching out to him.