Friend House Hacking and I'd like to partner

Friend House Hacking and I'd like to partner

Real Estate Investor · Naperville, IL · Member since 2017 · 13 posts · 4 votes

Can a first-time buyer that is willing to live in one of the units in a 4-unit MFR still house hack if he partnered with an LLC as part owner? If so, what type of financing would be available? Thank You

0Reply
17 views

2 Replies

Jump to latestLatest
  • Rental Property Investor · Edmond, OK · Member since 2017 · 1k+ posts · 1k+ votes
    8y

    Once an LLC gets involved, most of the time you will have to go commercial lending with 20% or more down. It will really depend a lot on your state and local lenders. But that's how almost all of the lenders around me work once an LLC gets involved.

  • Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
    8y

    LLCs involve commercial lending.  You can still house hack, but the terms aren't as good.  Just make the numbers work.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.