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Updated almost 7 years ago,
Loans for improvements
I am planning on taking over my mom's house. I was thinking of starting an LLC and making my mom a member so she can deed over the title to the LLC. Then, I was hoping to take out a business loan to make repairs on the property and then rent it out. Does anyone know the guidelines around getting a loan for home improvements? Would it be something we would have to do personally or could we do it under the LLC?