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Earn Your Leisure

How to Hide Your Address By Buying Your Primary Residence Through An LLC

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 9 February 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

In this Advance Placement Matthew Garland went over several aspects of real estate investing and home purchasing. He explained the benefits of buying a home in your name vs under your LLC name.


#realestate #mgthemortgageguy #realestateinvesting


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Transcript

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0:00.0

You made a video I think about this when putting a house in your name,

0:03.7

as opposed to putting a house, not in your name so people can't find out

0:07.0

where you live, different things in the nature. Yeah. What's the deal with that?

0:10.3

So when you're buying a property and if you're using a non-QM loan,

0:15.8

a non-QM loan is a non-qualifier mortgage.

0:18.8

That basically means that Fannie Mae, Freddie Mac, FHA, V.A.

0:23.1

won't purchase that loan in a secondary market, right?

0:26.2

This is a portfolio loan which more non-traditional lenders will use

0:32.0

for non-traditional buyers, right?

0:34.8

Now, if you're buying a primary residence,

0:37.2

there are several lenders out there that will allow you to buy that primary residence

0:43.1

in your LLC name, right?

0:45.1

We are living in the post-bandemic era where a lot of people made a lot of money

0:50.0

over the past two years and folks are buying, you know,

0:53.5

there are many mansions and their mansions right now.

0:57.3

And if you don't want the world to be able to find you,

1:02.7

the best way is to put it in a LLC so that way they can't Google your name

1:09.2

and find you because it's in a LLC.

1:11.0

So now the mortgage is in a LLC name, the deed of the properties in a LLC name.

1:15.6

You own the LLC, the LLC owns the property.

1:19.4

So it's the same, it's the same way as if you're buying investment properties

1:25.2

and putting in LLC, but this just so happens to be your primary residence.

...

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