House hacking to LLC

[Handel Carter]

I'm thinking of purchasing a 2-4 unit property as an owner occupied property. How long do I have to wait, if any amount of time, to do a quit claim deed of the property to my LLC? Is this how the house hack works?

[Anthony Chara]

You don't have to wait any time to Quit Claim the property into your LLC. However, the best thing is to just buy it directly into the LLC in the first place. If you buy a 5+ unit property, this is the norm. If you are only looking for 2-4 units, see if you can find a lender that will allow you to buy it directly into your LLC. There aren't that many out there that will let you do that, but they do exist.