First time buyer question about down payment and LLC

[Robert Collins]

If I'm a first time buyer, wouldn't I qualify for a 3.5% down payment , and could I buy a home , and then do a quick claim deed ( warranty deed) over to my LLC for quad plex I'm looking to buy, and I would I guess house hack one of them rent the other 3 out,?

[Scott Smith]

Hey @Robert Collins

Here is how I would update you plan: 
buy the home > warranty deed home into land trust > assign LLC as beneficiary to land trust.

You want to use a warranty deed to retain your title insurance. The benefit of transferring a property into a Land Trust is that the transfer is exempted from the Due on Sale Clause, as mentioned above, since it is considered an estate planning tool. This means (1) you get the favorable financing available in your personal name, (2) you can actually establish the Land Trust anonymously and remove your name from public record on the property [a great tool for those seeking more privacy,] and (3) still grants you the liability protection of the LLC. Check out this article for more.

Feel free to reply if you have any further questions about it. I work with these entities all the time.