When is the best time to open an LLC when investing?

[Andres Manco]

Hi BP community,

I own a duplex since 2020 and just bought (01/2023) a SFR to fix and flip. I have both properties under my personal name.

In the last few months I have been trying to get more active into investing, I am getting my Real State license next month, etc

I know there is a lot of benefits on having your properties under LLC for liabilities. But also I read online, that I can't use FHA or conventional loan sold to Fannie Mae and Freddie Mac with an LLC.

I already used my FHA with the duplex and I can still use conventional primary residence home to buy 1 property.

Is there a way to use all the available personal loans, FHA, conventional primary, vacational, etc and then add those into an LLC? or do I need to keep those separate from the LLC?

Should I just focus in the LLC and whatever loans are available for it?

What is your best recomendation to take advantage of all posible loans?

[Jay Hurst]

Quote from @Andres Manco:

Hi BP community,

I own a duplex since 2020 and just bought (01/2023) a SFR to fix and flip. I have both properties under my personal name.

In the last few months I have been trying to get more active into investing, I am getting my Real State license next month, etc

I know there is a lot of benefits on having your properties under LLC for liabilities. But also I read online, that I can't use FHA or conventional loan sold to Fannie Mae and Freddie Mac with an LLC.

I already used my FHA with the duplex and I can still use conventional primary residence home to buy 1 property.

Is there a way to use all the available personal loans, FHA, conventional primary, vacational, etc and then add those into an LLC? or do I need to keep those separate from the LLC?

Should I just focus in the LLC and whatever loans are available for it?

What is your best recomendation to take advantage of all posible loans?

 @Andres Manco You can simply get a conventional loan, close it in your personal and then deed it over to your LLC after the fact.

Fannie Mae transfer to LLC