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Updated about 13 years ago on . Most recent reply

Orlando C.'s profile image
Orlando C.'s profile image
Orlando C.
  • Multi-family Investor
  • from Bayamon, PR
  • Member since Mar 10, 2013

User Stats

16
Posts
4
Votes
Orlando C.'s profile image
Orlando C.'s profile image
Orlando C.
  • Multi-family Investor
  • from Bayamon, PR
  • Member since Mar 10, 2013
Orlando C.
  • Multi-family Investor
  • Bayamon, PR
4
Votes |
16
Posts
General Landlording & Rental Properties

Transfer title to an LLC under 203k loan

Orlando C.
  • Multi-family Investor
  • Bayamon, PR
Posted

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

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