Rental Property Investor · St louis, MO · Member since 2017 · 8 posts · 1 vote
Hello, I'm looking to be a buy and hold investor.
Trying to use an FHA loan to buy a multifamily property. Want to put it in an LLC without triggering a due on sale clause. Typically banks won't loan to new LLCs. Any suggestions?
Adam Pickett
Unfortunately, you cannot have an FHA loan and have the property be in an LLC. You will find yourself in a lot of trouble... It is a Fannie Freddie guideline, not a bank guideline.