FHA Loan in an LLC?

[Dillon Loomis]

Hey guys!

End of 2016 I will be purchasing a duplex/triplex, owner-occupied, using an FHA loan.

I met with my CPA (new relationship) and he recommended starting an LLC as my plan is to own multiple rental properties (buy and hold) over the next few years. However, after reading posts and posts here on the topic, I'm leaning towards waiting on the LLC. I really don't have any assets to protect right now!

Question is: can you even have an FHA loan in an LLC? I'm already planning on NOT setting up the LLC for this first property...but hypothetically would this even be possible? I have heard some lenders give push back to attempting this, but it is straight out not allowed or just harder to acquire these types of loans?

Thanks!