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Updated over 12 years ago on . Most recent reply

Transfer title to an LLC under 203k loan
Hi BP,
I just registered and have been lurking the forums for a while. So I just bought my first property, a 4 Unit, a REO with a 203k loan. Currently, on the renovation process. I'm going to be a live in landlord and rent the other 3 units. So I was thinking about transfering the title to an LLC and present myself as the Property Manager, who just lives one of the units. So is this a good path? I'm all ears! Thanks in advance, Orlando