Will appraisal be different depending on the entity?

[Trevor Bond]

Hello BP,

My question is will my investment property get appraised differently if it is in the name of an LLC or individual? I want to make sure I plan this correctly for the sake of lending and liability. Feel free to add suggestions or advice on my plan below.

I will get an FHA or 203k loan and househack a 2/3/4-plex. I would purchase it in my name and transfer the title to an LLC after closing. I am concerned that if I put it in a LLC before I refinance it (or at sale) and they appraise it as a business (concerned with revenues and expenses) instead of what the home would be worth in the name of an individual.

Best,

Trevor Bond