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Updated almost 5 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Matt Rose
  • Rental Property Investor
  • Roanoke Va
3
Votes |
16
Posts

Owner occupied triplex u see an LLC: financing options

Matt Rose
  • Rental Property Investor
  • Roanoke Va
Posted

So I'm friends with a couple who want to go in on a triplex and we are thinking about going in on the this deal 50/50.

My question is about interest rates. I plan on living in one of the units after we buy this place. Is it possible for us to get a better rate when we purchase the property if I'm planning on living there for a certain period of time. Also, being that the home is under an LLC,...does this automatically make the rate higher or is there a loophole where I could live in it for a certain period of time under an LLC and get the reduced interest rate when we buy?

Any help or suggestions would be appreciated!

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