BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
Refinance or purchase to get money BRRR?
I "LLC" purchased property with cash, Rehabbed, Rented, now what's the best way to get money? do I refinance with investment loan at 3.8% or purchase my own deal and get 2.7% interest rate If I put property under my name? but will I have to pay extra fees? escrow or tax.
I called mortgage broker, she said if I buy from LLC into my personal name, loan will be much easier and faster since refinance loans take 2 months now, and new purchase will close in 30 days + way better interest rate.