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Updated over 2 years ago on . Most recent reply

Juan Ayala's profile image
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Juan Ayala
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  • from Battle Creek
  • Member since Mar 15, 2021
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Juan Ayala's profile image
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Juan Ayala
  • Investor
  • from Battle Creek
  • Member since Mar 15, 2021
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Juan Ayala
  • Investor
  • Battle Creek
7
Votes |
41
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Mortgage Brokers & Lenders

LLC Title Holding/Financing

Juan Ayala
  • Investor
  • Battle Creek
Posted

How does the conversation go between Lender and customer when asking to have the investment property placed under the LLC financing?

Detroit, Michigan
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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
Replied

"I would like to put this loan and property in my LLC"

- Agency Loan Option  "Legally, they cannot allow you to do that.  It is a violation of their charter. I cannot recommend you do that."

- Bank Loan Option "OK, here is some paperwork to fill out"

  • Greg Scott
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