Hello BP,My brother and I are starting our business together and just got our LLC established.  

My brother-in-law (who has a few rental properties) suggested we do a cash out refinance on our primary residence - which currently has enough equity in it to finance the entire ADU construction in Culver City/Los Angeles.  

My brother lives in 43607, and the neighbor is looking to sell their house (elderly mother lives there).

This property was only a few houses up from my husband's parents and his brother's family.

The language is indeed confusing. https://guide.freddiemac.com/a...In situations where all of the following conditions are met, Freddie Mac will permit a Transfer of Ownership of the Mortgaged Premises:At least 12 months have passed since the Origination DateThe transfer is to a transferee who occupies or will occupy the Mortgaged Premises as a Primary Residence and is:-A parent or child of the transferor, or-A grandparent or grandchild of the transferor, or-A brother or sister of the transferor, or-An original co-Borrower of the transferor under the Note, whether or not related to the transferorThe transfer is to a limited liability company (LLC) or limited partnership (LP), provided that:-The managing member/general partner of the LLC/LP is the original Borrower.

@Keenan Fitzpatrick I think you gave some sound input there brother - but risk is not just when you don't know what you're doing - it also comes when you live in the real world.

My mother, brother and I are on the land mortgage together.

My brothers and I own a few SF's and are now looking at MF's.

@Mauricio Sanchez I would love to help brother.

@Jason Malabute amen brother !