LLC Business Partner and FHA Loans

[Melody Kushi]

Hi BP Mates,

My business partner, who we share our LLC (50/50) has not used her FHA loan. She does not want to use it during our investment ventures. Does this mean, I will have to remove her from the LLC in order to not jeopardize her future FHA use?

We will be applying for Private Money Lenders for rehab loans. Will be selling and/or renting these properties, depending on the numbers. But, none will be owner occupied.

I've spoke to a few Lenders who have confirmed that this won't be an issue since the loan won't be hitting her credit. But, some have told me the exact opposite.

Your help will be appreciated.