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Updated about 3 years ago,
Financing Properties with Personal Residence in Mind
Hi everyone,
I am an investor in Huntsville Alabama. I purchased my first property about 1 year ago, and am looking at getting another soon. One thing that I am thinking about it how I want to finance my properties keeping in mind that I will also looking to get my own personal residence in the next 5ish years (could be in California). I also want to make sure I can get my own personal residence under a home owner occupied conventional loan.
My question is, for those of you that have multiple properties, how have you structured your financing of these properties and has it compromised your ability to get a loan on your future home? Will transferring my loan/ownership to an LLC help with this?
Thanks!
Justin