New investor question

[Robert Anderson]

Hello everyone, happy to be here. I'm excited to get my real estate career started and doing lots of reading to let the picture present itself for me. I thought of a question I would like some clarity on. I would like to use my first time home buy on a multifamily property. However, can I do that if the property is under and LLC, or maybe purchase the property and then move it into the LLC? Thanks!

[David Bilandzija]

@Robert Anderson No can do If we are talking first time home buyer programs i.e. FHA. Loans cannot be made to an entity, same for Fannie/Freddie loans. Purchasing as an individual and then transferring to an entity afterwards is not an option either.

Private lenders (non-conventional), will allow you to vest in an entity.