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Updated almost 4 years ago on . Most recent reply

Noah Stout's profile image
Noah Stout's profile image
Noah Stout
  • Member since Jan 29, 2022

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8
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2
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Noah Stout's profile image
Noah Stout's profile image
Noah Stout
  • Member since Jan 29, 2022
Noah Stout
2
Votes |
8
Posts
Starting Out

House Hack Question

Noah Stout
Posted

Hello,

I am getting a duplex to house hack in and am getting a FHA loan for 3.5% down.

My question is since i am getting a fha loan and the property will be my primary residence and the other side being rented out, will I just have to take on the risk of renting it out for a year without it being under a LLC? Or is there a way to get a loan for my LLC from the beginning?

would an option be to transfer ownership to LLC after a year? And if that's an option is there any stipulations with my FHA loan, or if I were to refinance down the road?

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