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Updated over 4 years ago,
Mortgage a house from my own LLC
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?