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Updated over 8 years ago on . Most recent reply

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Aida Hofmann
  • Investor from Miami, FL
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BRRRR

Aida Hofmann
  • Investor from Miami, FL
Posted

Hello BP family!

I just finish washing podcast #177 where the main subject was the BRRRR strategy

it was my understanding that for the long term financing part of the deal you want to go with a 

fannie-mae loan for the first 1-4 deals. Does any one know if fannie mae lends on properties that are title to an LLC?

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Anthony Angotti
  • Real Estate Agent
  • Pittsburgh, PA
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Anthony Angotti
  • Real Estate Agent
  • Pittsburgh, PA
Replied

I don't think the intent is fannie-mae specifically, but more so just a bank loan (although many are sourced loans). 

Banks will loan to an LLC, but it needs to be a commercial loan and not a residential. That is my understanding though and I'm not a banker. Maybe someone on here can help you more. @Jerry Padilla is a good resource on these questions. 

The other option is to put this in a land trust and transfer to your LLC through the trust. I only know that strategy in theory though because I've never done it.

  • Anthony Angotti
  • (412) 254-3013
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