All Forum Posts by: Kyleigh Morgan

@Arletha Lazarini thank you for your advise!

@DJ Berry who do you use as your lender? Are the terms and rates vastly different in your opinion when it comes to refinancing your properties under an LLC rather than under yourself?

@Mathew Spray

Thank you!! This gives me a lot to think about. I'll be doing lots of research this week! To form an LLC or not to form an LLC? That is the question :) and now I know where to start looking for the answer. Thanks again guys!

@D.J. M.

Thank you so much! I am going to speak with some lenders this week to help me get a better idea of what to expect. I like that it is easier to refi without the LLC but I like the protection that the LLC brings, so I am definitely going to look into everything you all mentioned to figure out what will work best for me and my current situation. Thanks again for all your help!

@Greg Dickerson

Thank you! I’m going to begin taking yours and Bobs advise and begin getting in touch with an attorney and ask my accountant too. I am worried that I will face unexpected problems when I go to refi. What should I expect in terms of taxes, insurance, IR and period length then? Thanks again! :)

@D.J. M.

Thank you! That's good info for me to think about. I was wondering how hard financing would be for an LLC

@Rob B.

Wow. Thank you so much! That is excellent advice as I do plan on scaling and would want that sort of protection. Is it a lot harder to get a refi on a rental property if it is under an LLC? Are the requirements/terms different usually? Thanks again for all the good info! :)

@Francesca Perez thank you so much for all that advice! That really helped me understand things a lot better!

@Michael Lewis Lee Thank you! That helps a lot! 

When you are looking to refinance in a Brrrr deal, are you primarily/ideally looking for a refinance that offers interest only payments for the first bit? I find it hard to make the numbers work unless I find that kind of a deal. Is it hard to find a lender that does that? I spoke with Wells Fargo and they said they would not do interest only payments at all. Looking for as much information as possible on the Refinance part of Brrrr. If you have a book recommendation on that particular topic or any advice I would love it! Thank you!