If an individual is approved for conventional bank financing, can I then buy a house from my own LLC for purposes of eliminating private money lender?

Hi Kaden,I think if it's a college town and if you don't mind doing the extra work by finding more individual tenants the room rental might be better.

That's because as @Jeff Schechter points out, turn key companies are buying further up stream at better prices than an individual can on the MLS.

But once I have registered the master series with Secretary of State, how do I get the individual series on the radar so I can go get a bank account for it?

I own a duplex and both tenants pay on time and I like them both individually (not that it matters).

Networking with local individuals should help me organically answer some of these questions!

Anybody have experience with Lima one capital or know if they’ll lend to individual’s or just LLC’s?

Meaning do they have high enough reserves, insurance, low enough percentage of investors units, enough individual owners, etc to make it easily financeable.

Creating an entity solely owned by the same individual who is the mortgagee of the property in order to bypass FNMA seasoning guidelines sounds pretty shaky in a legal world intent and form are considered over formality and function.Once again- Didn't go to law school, but I wouldn't advise any of my buyers use this method when purchasing a property from me.In addition- I'm not sure the result of doing this would be any different than delayed financing.

My plan (in my head, anyway) is to raise 25%-30% equity from a few different high-net-worth individuals, then go to a bank for a commercial loan for the rest.