All Forum Posts by: Chris Jones

@Sean Ku Unfortunately, no..i would want to separate it from my llc because it's going to be my primary residence, and I would want the deed to be in my wife and I's name.

Hello all, 

I've seen a several posts regarding this topic; however, I wasn't able to find anything posted recently and/or I'm seeing mixed answers. 

I'm a real estate agent and house flipper in Columbus, Ohio, and I want to know if I'm able to purchase a house flip from my single-member LLC as a primary residence using conventional financing. Speaking with different lenders, I haven't been able to get a straight answer..

bit of additional info-

-using my wife's w2 for conventional loan

-from what i read on Fannie Mae's website it seems like it would acceptable if it's a primary residence.

-don't want to transfer the deed to my personal name THEN refinance for accounting reasons. Also, it gets more complicated if i use hard money on the initial purchase of the house.

Thanks in advance for your help! Knowing the different options I have for exit strategies on properties helps determine how I'm going to structure deals.