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Updated almost 11 years ago,

User Stats

36
Posts
4
Votes
Al Turner
  • Chicago, IL
4
Votes |
36
Posts

Dodd Frank Work Around..

Al Turner
  • Chicago, IL
Posted

The new Dodd Frank rules are presenting a bottleneck for me. The headaches of purchasing a property as an investor under the new Dodd Frank rules cost my a cash flowing property (800/mo). I would like to put as little down as possible using FHA or Conventional Financing to avoid DF period.

What is the work around?

How can I purchase a SFR as a personal asset and convert it into my LLC?

  • conventional/FHA loan and assign it to LLC at the table
  • conventional/FHA loan and quit-claim to LLC

How can this be done with as little out of pocket money?

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