BRRRR Refi cashout under new LLC or personal?

[Andy Zirger]

Hello,

We have 6 sfh rental properties that have been turnkey conventional loan purchases. These 6 were purchased under our name using our w-2, not under a LLC.

Now the fun begins! We just purchased our first (BRRRR) home for cash under an LLC. We are currently only a month into the Reno and I know it's not till the 6th month we can refi & take advantage of our renovated property new value.

Questions:

1. When I go to refi it will be under our LLC which will only have a renter under it for 2 months. Will I apply for a cashout refi under the LLC or will it be personal assets w-2 / cash reserves used?

2. If it's under the LLC will my interest rate be higher than if used personal asset/accounts?

3. If we continue to with the BRRRR method do you recommend a different LLC per home (sometimes with different partners) or keep it all under the same?

4. Is it necessary to move the original 6 under LLCs? If so, how does one go about doing that? We’ve owned them from 6-24 months.

Any advice as I prep my numbers for refinancing.

Thanks!