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Updated almost 4 years ago,

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Non-occupant owner vs LLC mortgage interest rate

Posted

Hey everyone,

I'm about to do my first out of state investment and I was wondering if it would make sense to set up an LLC for my first property or not.
It's more the tax benefits of the LLC rather than the liability protection (that can be achieved also by an umbrella policy, at least for the first property).

My main question is if, besides the initial costs of setting up the LLC, would I get the same mortgage interest rate as a non-occupant owner that I would get getting the loan under the LLC?

Are they close enough to each others?

Please let me know if I am missing something.

Thanks in advance