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Llc Va Form

Llc Va Form

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hello everyone this is kevin and today's topic is could you transfer a government funded loan into an llc which is an illegal liability um company um i've seen a lot of videos um instagram posts on youtube videos um articles on the web saying that in the season period which is about a year or two after you received the loan that you could then roll that loan switch that deed you say switch that deed over into an llc into an organ into a company and um i just wanted to clear that up in this video and that is false um you cannot you cannot transfer an fha va or usda those are government backed and uninsured loans you cannot transfer those loans into an llc in a year or two okay once you try to transfer once you do transfer the fha va or usda loan into an llc it will then state it will then be a due on sale where the uh mortgage company will then ask for all the profits back um to get their money back because this then transferred from the personal the owner transfers into

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