Aside from that...1) if you have 1 loan for both properties, your buyer would be buying 1 side but the mortgage is for both sides/properties.2) fha loans Are assumable, so disregarding the above, it is much cleaner that way.

If you're in a market where this is the norm then disregard this feedback.

Much of the existing information from the pundits will tell you an LLC (taxed either as a disregarded entity or S corp) was the ONLY way to go in real estate.

I would have never had this opportunity if I just stayed at home and took the safe route.If you do not live at home and you live on your own then disregard most of what I just said... haha...To sum up my rant: Experience will open up more opportunities than you can imagine.

As a general rule I disregard the 50% or 2% rule.

Much thanks in advance Mike Roterdam Minnesota @Mike Roterdam ,There are no tax ramifications unless your LLC is anything other than a disregarded entity.

If that's the case, the OP may not be committing fraud, but the lender is.J Scott Could it also be fraud if the person making the loan on behalf of the bank is grossly disregarding company policy?

Not to totally disregard your questions, but what's the worst that could happen?

Just disregard the guru sales pitch.

Only to have the old school RE agents just disregard any of said advice, and continue to advise their clients to prefer the conventional loan over an FHA.