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Updated over 4 years ago,

User Stats

2
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0
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Slawek Pajak
  • Linden, NJ
0
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2
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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?

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