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Updated about 2 months ago on . Most recent reply

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Account Closed
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Account Closed
1
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1
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Buying & Selling Real Estate

Can my LLC buy my house?

Account Closed
Posted

Hello, 

I am new to real estate investing but I have an FHA mortgage on my current home and owe about $191 on it. I want to purchase another house but can't have to mortgages. I just started my LLC, can I have my LLC buy the house for $215 and then it would become rental property under the LLC? What type of lending would I look for to do this type of transaction?

Midland-Odessa, Texas
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