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Updated almost 3 years ago on . Most recent reply

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11
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1
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Joe Windsor
1
Votes |
11
Posts

Transfer home (FHA mortgage) to our LLC

Joe Windsor
Posted

My wife and I purchased a duplex in Missouri in March of 2020. A good friend of mine suggested we rent out the other side. We set up an LLC and did. We moved to NC in mid 2021 and the property became a full investment property for us. My friend keeps telling me to put the property under the LLC name which sounds smart but I don't want to get in trouble since we purchased the property with an FHA loan. Is this possible? If so what steps would I have to take with our titling company?

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