All Forum Posts by: Melissa Harris

I heard a little bit about Series LLC's but still a little confused on how it works. I am wondering if anyone is doing this? How does this LLC work and how is it different then just a regular LLC? What are the risk of having a Series LLC? What are the benefits? When would you recommend changing a LLC to a Series LLC?

@Sean Blomquist will do! Thanks :) 

I am curious how the refinancing part works in the BRRRR strategy? What will the bank require for you to refinance the home you just fixed up and that you are looking to keep and rent out? Will they require you to have a certain credit score? Will they look at how long you have owned your LLC? Will they need a certain amount of money in the bank? What is the cost to refi? Will I be able to get the equity that I made after I pay off my private or hard money lender?

@Erik H. I would love to be apart of this focus group! Can I reserve a spot? [email protected] 970.397.2769

@Anthony Palmiotto great to know! Thank you :) 

@David Weintraub that makes sense! Now I can see why it would be important to hold title in an LLC. Thanks for the information.

@David Weintraub great to know! Thanks

@David Weintraub so we could take title under our personal names if we chose too? My partner and I will more and likely start an LLC, just to make things a little easier on our end.

@Brian Garrett thank you soooo much! I will check this out.

Could anyone tell me where I can find the local REIA groups here in Colorado and how I can join?