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Updated about 11 years ago on . Most recent reply

Gus Lawson's profile image
Gus Lawson's profile image
Gus Lawson
  • Homeowner
  • from Springfield, Virginia
  • Member since Dec 2, 2013
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Gus Lawson's profile image
Gus Lawson's profile image
Gus Lawson
  • Homeowner
  • from Springfield, Virginia
  • Member since Dec 2, 2013
Connect
Gus Lawson
  • Homeowner
  • Springfield, VA
4
Votes |
8
Posts
Foreclosures

First Potential REI Deal - Homepath Renovation Loan

Gus Lawson
  • Homeowner
  • Springfield, VA
Posted

Hello all,

I understand that LLCs can't purchase homes use Homepath Renovation loans. Does anyone have experience with purchasing an REO using a Homepath Renovation loan as an individual and transferring ownership after the LLC is created? I would only do this once. Is this legal for a buy-and-hold strategy or would it be better to sell as an individual?

Thank you in advance for your honest feedback.

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