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Updated about 8 years ago,
LLC and FHA Loan strategy
Hello All,
Newbie investor here thinking about using a FHA loan for a multi unit. A couple of concerns with this idea is I'm scared about taking on so much debt since I will be only putting down 3.5% and the fact that the housing market is still smoking hot in the SF bay area.
Could I setup a LLC and buy this multi unit and still qualify for the FHA loan? The reason for the LLC is let's say this unit is a total disaster maybe I can walk just away losing my down payment not my whole life savings. I'm not planning to do this, but I want to cover my bases and know all my possible options before executing a plan. Thanks in advance for your input.