All Forum Posts by: Matthew Lynch

Thanks everyone for their inputs it really helped. As for the property I know now that I would need a commercial loan. The comps look well but being so new to real estate investing I don’t have enough capital just yet to be partner with someone on this particular deal.

When would she be able to transfer it to my LLC? I was told 6 months but not sure. @Account Closed

So if we were to find a 4 unit or lower would it be possible to have my wife “move in” to avoid paying the 20%? Just curious because there are a couple 4 units available in my area. 

Hello all, so this is my first post here. My realtor came across a 6 unit complex coming on market soon. The number check out and all looks good. Only issue is financing. They are asking 475k and I don't have anyone who is willing to go in on 20% with me. Now my realtor suggested if I could find someone to move into the property it would only be 3% down. If I could have my wife "move into it" would that work? Then transfer the property into my LLC? "I'm still in the mix of getting it set up" that leads me to my next question reading the how to invest in real estate. It says that you can't get a residential loan for units over 4. If my wife were to "move in" would that be an exception. What are the risks in doing that? Thanks in advance!