All Forum Posts by: Luis Henriquez

Thanks a lot, @John Warren for the response. We are aware we cannot get an FHA as an LLC, that is why we were taking the route of getting individual FHAs. We were wondering if this is a viable option or if we will hit a wall with the process of transferring these properties to the LLC in the future.

Hello guys, just started to listen to the podcast and it is great to know there is a community to learn so much about this business.

We're an association of 3 family members looking for financial independence. We decided that real estate investments is the way to go and that's why we created an LLC and try to conduct business as a company. About 3 years ago I was approved for a FHA and we bought our first property (which we hold right now under my name) and has been generating cash flow ever since. Towards the end of last year we were able to sublease a property for short-term rental which has been working out great.

Our next step is to have another of us approved for a FHA to acquire a multi-family property and then our third member to do the same sometime next year while we work on improving the credit scores.

The questions are: is this purchasing as individuals with FHA loans be the right way to do this? Is it better to try to buy as a company? And if so, what advice would you give us? What would be the best process to transfer the houses to the company later or is that not a good idea?

Thank you in advance!

Luis H.