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Updated about 2 years ago on . Most recent reply

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Bobby E.
  • New to Real Estate
  • Central Virginia
1
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5
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House Hacking Triplex mortgage payment options

Bobby E.
  • New to Real Estate
  • Central Virginia
Posted

Hi All, I have closed on my first triplex. I secured it with FHA loan in my name and living in one of the units. My question is that I also have an LLC and separate Business bank acct. I run all expenses/rent income through it for this triplex. Will the loan / underwriters be concerned if I make the mortgage payment from the business account? Or should I pay using my personal checking? I only plan to live here the minimum 1 year requirement.

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376
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Tanner Pile
  • Real Estate Broker
  • Colorado Springs, CO
320
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376
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Tanner Pile
  • Real Estate Broker
  • Colorado Springs, CO
Replied

@Bobby E.

You shouldn't have an issues. I do the same for my duplex and since you also own the business accounts and the LLC they likely won't bring it up or even look that deeply into it.

  • Tanner Pile
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Tanner Pile
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