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Updated over 5 years ago,

Naema N.'s profile image
Naema N.'s profile image
Naema N.
  • from Willowbrook, IL
  • Member since Jun 20, 2015
Connect

User Stats

18
Posts
3
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Naema N.'s profile image
Naema N.'s profile image
Naema N.
  • from Willowbrook, IL
  • Member since Jun 20, 2015
Connect
Naema N.
  • Willowbrook, IL
3
Votes |
18
Posts
General Landlording & Rental Properties

How difficult is it to refi into LLC after house hack?

Naema N.
  • Willowbrook, IL
Posted

I am considering purchasing a multifamily using an FHA loan putting 3.5% down, using whatever funds I have saved and making improvements to increase the value. I will be living in one unit and renting out the others. How difficult is it to move the property out of my name and into an LLC for asset protection, since of course the property will still have a mortgage? I'd like to hear how others have handled this situation?

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