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All Forum Posts by: Karim Conway

Karim Conway has started 1 posts and replied 1 times.

Post: Hard Money for Buy and Hold Rental Properties

Karim ConwayPosted
  • Montclair , nj
  • Posts 1
  • Votes 0

Hi BiggerPockets Community,

I am a new Investor and I just had a quick questions about using hard money to purchase a buy and hold rental property. I plan to Buy, Rehab, Refinance, Rent, and Repeat (BRRRR) by using hard money. Can anyone explain how to refinance on a hard money loan if the property was purchased through an LLC.

Property Details (Purchase price: 115k, Rehab 20k, ARV 180K)

Do banks refinance to LLCs?

Can anyone walk me through or give me steps on how I can go about refinancing?

What are some exit strategies if I am not able refinance? (I would still like to hold on to the property)