All Forum Posts by: Darrick Reed

Hello All -

We began investing in Hold properties in the Kansas City market and just recently bought our 2nd investment home (both cash thus far). We are having a blast! Really looking forward to growing our business. Our intention is to follow the BRRRR Strategy. However, we are having a hard time moving forward because our homes are owned under our LLC (which was recommended we move them into for liability purposes), but Finance instituions will now allow us to do a Cash-Out Refi under the LLC.

I have talked to 6 Financing companies thus far, and they have all told us we need to deed the properties into our personal name, then wait for the 6 month seasoning period to pass, and only at that point will they would do a cash-out refi. 

Any advice on how to get around this? We want to keep the properties in an LLC to protect ourselves, but also need the loan to scale the business.

Thank you!