Tampa, FL - 4 Plex Buy and Hold LLC Question

[Kellen Driscoll]

Hey BP,

I have a situation where I need hard money in order to close quickly on 2 duplexes. I want to live in one unit but my hard money lender will only lend to an LLC. My thoughts are to create an LLC and buy the properties with hard money and then transfer either one or both of the duplexes back into my name so that I can find a bank to refinance me out of the high interest rate and into a conventional mortgage for my primary residence.

Does anyone have any advice or concerns with this?