Forming LLC for property to Save FHA Loan Opportunity

[Shaun McKenna]

Hello everybody, I'm looking to invest in my first investment property, it already has tenants so the ability to use my FHA loan isn't an option, but I would like to invest with as little of my own money as possible. I'm wondering if I form an LLC for this property and obtain a loan through the LLC, would I be able to utilize the FHA loan for a property at a later date? Also, what would the timeline look like for forming the llc? Would I have to start one before making an offer? Any advice would be great! Thanks! Shaun McKenna