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Updated almost 4 years ago on . Most recent reply

Dave W.'s profile image
Dave W.'s profile image
Dave W.
  • from Fort Lauderdale, Florida
  • Member since Dec 1, 2015
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Dave W.'s profile image
Dave W.'s profile image
Dave W.
  • from Fort Lauderdale, Florida
  • Member since Dec 1, 2015
Connect
Dave W.
  • Fort Lauderdale, FL
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Private Lending & Conventional Mortgage Advice

Convert Hard Money to Conventional - Primary Residence

Dave W.
  • Fort Lauderdale, FL
Posted

It seems difficult to find an exact answer on this. 

I want to buy a home that requires a quick closing. Will be able to get a private loan and pay cash. Loan must be in an LLC. After a quick rehab I'd like to do a deed transfer from the LLC to my personal name and refinance the home and use it for a primary residence.

I'd be laying out 20% plus rehab costs. Is there any complications in doing this type of transaction? 

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