Rental Property Question

[Marquita Hightower]

I was told by a private lender told me we could purchase a property through our LLC and rent it to ourselves for a few years then buy another house and keep renting the first one to a new tenant or refinance into a new loan. I may not have all the details exactly right but is anyone familiar with this?

[Jefferson Valencia]

Ryan definitely gave you a great piece of advice. Look for a 4pmex because banks will still give you a personal loan on it and it is not considered a commercial property. Anything over 5 and more doors are commercial (whole different ball game). Live in one and rent the rest out. Take advantage of the personal loan for the first unit.