I find this kind of comical 

1. In order to make a SFR house into something other than that, it would require ZONING changes.

2  An LLC (Liimited Liability Company) or Corp is simply a way of holding TITLE.  It's still a house, with a fee simple deed.  PEOPLE DO IT ALL THE TIME.

3. Once it becomes an LLC, it's an ENTITY and therefore the LLC members need to keep the LLC up to date with the state, they have to file annual reports, etc.

So, not sure exactly what the "uproar" is.   That a single person isn't shown on the deed?  Who cares as long as the LLC/Corp  ie legal entity stays registered and up to date with the state.

And, non-conventional, non-institutional lenders (think HARD MONEY lenders) usually WANT to see fee simple ownership through a legal entity vs a private person.

This aint your grandfather's real estate any more. . .to post a reply: login - or - register