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Leo Hunter's profile image
Leo Hunter's profile image
Leo Hunter
  • from Bronx, New York
  • Member since Jun 13, 2017
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Leo Hunter's profile image
Leo Hunter's profile image
Leo Hunter
  • from Bronx, New York
  • Member since Jun 13, 2017
Connect
Leo Hunter
  • Bronx, NY
4
Votes |
16
Posts
Foreclosures

VA home loans and LLC

Leo Hunter
  • Bronx, NY
Posted Jun 22 2017, 00:37

Hello BP,

I am fresh into the real estate game ( about 8 days old) and I am hoping someone has an answer.

I qualify for the veterans home loan in NYC. I am trying to set up an LLC and have it purchase the multifamily home for me. I am doing this because this is not the only property I intend to buy so I thought I should start off with an LLC now. The twist is that banks consider it a commercial loan and not a private loan, despite it being a residential property, is there a work around for this problem?

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