Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Slawek Pajak
  • Linden, NJ
0
Votes |
2
Posts

Mortgage a house from my own LLC

Slawek Pajak
  • Linden, NJ
Posted

I've done multiple flips with hard money and want to use the same method but for my own house. Here's the scenario:

1. I own the land in my personal name

2. Transfer the land to my LLC

3. Get a hard money new construction loan and build the house

4. Sell the completed house to my own name and get a mortgage - pay off the hard money loan at closing

Will there be any issues with arm's length or lenders refusing to mortgage the property since it's coming from my own LLC?

Loading replies...