BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago,
Refinancing a BRRRR when the property is owned by an LLC
I am very intrigued about the thought of using The BRRRR method to acquire rental properties. But, I don't want to own the properties under my name because I want the properties to function like a business and have business expenses that I could deduct at the end of the year. With that said, I have heard banks and most lenders don't like to give out loans to LLC's, making the refinance portion of this method very challenging.
Im curious to know if any one would be willing to share their experience about obtaining lending when buying properties under an LLC, and what, if any, personal guarantees did they request.
Thank you.