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Updated over 9 years ago,

Angel Rivera's profile image
Angel Rivera's profile image
Angel Rivera
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  • from Commerce, Georgia
  • Member since Jul 20, 2015
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Angel Rivera's profile image
Angel Rivera's profile image
Angel Rivera
  • Logistics
  • from Commerce, Georgia
  • Member since Jul 20, 2015
Connect
Angel Rivera
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  • Commerce, GA
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Foreclosures

Purchase a home out of our LLC with VA loan for primary residence

Angel Rivera
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  • Commerce, GA
Posted

Hello BP. I have a question for all the lender's and investors who have had experience with this situation. Our LLC has purchased a property with the intent to fix and flip. I am currently renting and am considering purchasing the home from our LLC. Can I use my VA loan benefit to purchase the property from my LLC since it will be a primary residence, and pay off he hard money loan used to purchase the property. Can this even be one since I am a managing member of the LLC, & is there any conflict of interest issues to deal with. Thanks.

Angel Rivera

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