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Updated about 8 years ago on . Most recent reply

User Stats

22
Posts
6
Votes
Steven Mitchell
  • Investor
  • Akron, OH
6
Votes |
22
Posts

House hacking with conventional lending transferring to LLC?

Steven Mitchell
  • Investor
  • Akron, OH
Posted

I'm going to house hack in the next several months and going to use the FHA or 203k loan to start my investing. My eventual goal would be to keep reusing the FHA loan multiple times over the next several years with everything eventually be transitioned into my own company. However, I understand that most conventional loans through banks don't want you to put units on LLC and will activate the "due on sales" if you do. So I'm I correct first off? Secondly if that's an issue, how to I put my properties under asset protection?

Steve

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