Updated almost 10 years ago on . Most recent reply
BRRRR
Hello BP family!
I just finish washing podcast #177 where the main subject was the BRRRR strategy
it was my understanding that for the long term financing part of the deal you want to go with a
fannie-mae loan for the first 1-4 deals. Does any one know if fannie mae lends on properties that are title to an LLC?
Most Popular Reply
I don't think the intent is fannie-mae specifically, but more so just a bank loan (although many are sourced loans).
Banks will loan to an LLC, but it needs to be a commercial loan and not a residential. That is my understanding though and I'm not a banker. Maybe someone on here can help you more. @Jerry Padilla is a good resource on these questions.
The other option is to put this in a land trust and transfer to your LLC through the trust. I only know that strategy in theory though because I've never done it.