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Updated over 4 years ago on . Most recent reply

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James Lennon
  • Member since Aug 7, 2020
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James Lennon's profile image
James Lennon's profile image
James Lennon
  • Member since Aug 7, 2020
Connect
James Lennon
3
Votes |
4
Posts
Buying & Selling Real Estate

commercial vs residential lone

James Lennon
Posted

I was wondering what experience people have when buying a rental property with a commercial loan with LLC vs residential loan and then doing a quit claim deed to transfer to an LLC? I would want the property in the LLC for asset protection and It seems it is risky doing the residential loan and quit claim option as I would not want the loan called. What experience does anyone have with this issue? thank you

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