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Updated over 4 years ago on . Most recent reply

User Stats

69
Posts
28
Votes
Jimmy Suszynski
  • Rental Property Investor
  • Pittsburgh
28
Votes |
69
Posts

How to house-hack this 4-plex??

Jimmy Suszynski
  • Rental Property Investor
  • Pittsburgh
Posted

Are you able to mix hard money with residential lending? I read that you are able to take advantage of residential conforming mortgages on properties held in a trust as long as you are the beneficiary but I don't know if there is a way for them to see how long you've been the beneficiary? 

I'm asking because it is much easier to obtain rehab money for properties when using an LLC, but, if I want to house hack a multifamily that needs a ton of work (hypothetically-perfect BRRRR scenario) I would need to fix it up using hard money and then refinance after.

I haven't heard of folks living in any of their properties owned by their company, is this possible/feasible?

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