Updated about 10 years ago on . Most recent reply
Purchase a home out of our LLC with VA loan for primary residence
Hello BP. I have a question for all the lender's and investors who have had experience with this situation. Our LLC has purchased a property with the intent to fix and flip. I am currently renting and am considering purchasing the home from our LLC. Can I use my VA loan benefit to purchase the property from my LLC since it will be a primary residence, and pay off he hard money loan used to purchase the property. Can this even be one since I am a managing member of the LLC, & is there any conflict of interest issues to deal with. Thanks.
Angel Rivera