Convert Hard Money to Conventional - Primary Residence
It seems difficult to find an exact answer on this.
I want to buy a home that requires a quick closing. Will be able to get a private loan and pay cash. Loan must be in an LLC. After a quick rehab I'd like to do a deed transfer from the LLC to my personal name and refinance the home and use it for a primary residence.
I'd be laying out 20% plus rehab costs. Is there any complications in doing this type of transaction?