Any legal/financial reason to have mortgage under LLC

[Joshua Springer]

My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan under an LLC again but are there any legal/financial advantages of closing under the LLC name vs conventional?

My original one was a non-conforming condo so had to do a portfolio loan on it anyways so it just worked out to close under LLC. I originally intended to continue to do that to keep everything seperated for legal reasons but If I seperate everything anyways and just do conventional financing and quit clame am I really taking on any additional risk?

Thanks for any comments!

[Account Closed]

@Account Closed 

I am going to go out on a limb here and assume that these lawyers hire you to investigate because they suspect fraud, and probably had logical reasons for their suspicions. I am also going to go out on a limb and assume they these lawyers do not hire you to investigate a LLC when they DO NOT suspect fraud.

So perhaps you are jaded by the findings that you should have logically expected?