I'm a new member, just moved to Boston. I work downtown at a big brokerage firm (think CBRE, C&W, JLL).
I am looking to start a portfolio. In the process of getting an LLC and looking into an FHA loan for my first investment property.
Thank you! I'm looking at buy and hold's for multifamily's. Most likely house hack. In the Boston area
Just a heads up, using an LLC to purchase a property via FHA could be a potential set back for you. FHA is for first time buyers that are owner occupying. You would not be able to purchase as an investment property. I would recommend using FHA to get into the game as an OO property and then using that to snowball into more properties down the road. Best of luck!
yes you are able to house hack as your primary residence and also put the prop in your personal name
Yes, @Steve DellaPelle is right, you can't get an FHA loan when you take title in an LLC. I'd buy a small multi if you can afford it, living in one unit and renting the rest, using FHA. Don't bother with an LLC for that property, it won't fly.
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