BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
1st BRRRR Refinancing With my LLC
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.