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Updated about 4 years ago,

Joseph W.'s profile image
Joseph W.'s profile image
Joseph W.
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Jul 12, 2020
Connect

User Stats

27
Posts
7
Votes
Joseph W.'s profile image
Joseph W.'s profile image
Joseph W.
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Jul 12, 2020
Connect
Joseph W.
  • Rental Property Investor
  • Brooklyn, NY
7
Votes |
27
Posts
Starting Out

Open an new LLC for rental property

Joseph W.
  • Rental Property Investor
  • Brooklyn, NY
Posted

I open an LLC in New York because my Hard money lender required an LLC to get an loan,

1) so the property will be on an LLC, but the properties in New Jersey is that the problem ? do I need to register the LLC in New Jersey ?

2) will I be able to get a mortgage on my personal name even the property is on an LLC ? if not is it a problem to remove the property from the LLC to my private name and back on the LLC after getting the mortgage ?

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