Updated over 5 years ago on . Most recent reply
Owner occupied triplex u see an LLC: financing options
So I'm friends with a couple who want to go in on a triplex and we are thinking about going in on the this deal 50/50.
My question is about interest rates. I plan on living in one of the units after we buy this place. Is it possible for us to get a better rate when we purchase the property if I'm planning on living there for a certain period of time. Also, being that the home is under an LLC,...does this automatically make the rate higher or is there a loophole where I could live in it for a certain period of time under an LLC and get the reduced interest rate when we buy?
Any help or suggestions would be appreciated!