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Updated almost 7 years ago on . Most recent reply

User Stats

91
Posts
109
Votes
Kyle N.
  • Construction Project Manager
  • Sycamore, IL
109
Votes |
91
Posts

FHA to LLC with a partner??

Kyle N.
  • Construction Project Manager
  • Sycamore, IL
Posted

I've come across a pretty amazing deal, and to make it better, I would obviously like to get 30yr Fixed terms.  I already have my four, but my soon to be business partner only has one. 

Is there a way to have him buy in his own name, then convert into our LLC down the road? If so, what are some ways that can be done?

I was thinking if he buys it in his name, then we move ownership into a trust, which is then owned by our LLC... Am I at least close?

Most Popular Reply

User Stats

91
Posts
109
Votes
Kyle N.
  • Construction Project Manager
  • Sycamore, IL
109
Votes |
91
Posts
Kyle N.
  • Construction Project Manager
  • Sycamore, IL
Replied

Been fine so far, no issues and I would do it again

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