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Updated over 10 years ago on . Most recent reply

Yirmeyahu Sofer's profile image
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Yirmeyahu Sofer
  • from West valley, Utah
  • Member since Sep 2, 2014
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Yirmeyahu Sofer's profile image
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Yirmeyahu Sofer
  • from West valley, Utah
  • Member since Sep 2, 2014
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Yirmeyahu Sofer
  • West valley, UT
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Private Lending & Conventional Mortgage Advice

Having a property in a llc

Yirmeyahu Sofer
  • West valley, UT
Posted

If i put a house in a llc does it go off my credit. Like could i buy a home move it to my llc then buy another one?

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Brett Russell's profile image
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Brett Russell
  • Investor
  • from Chelsea, Michigan
  • Member since May 20, 2013
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Brett Russell
  • Investor
  • from Chelsea, Michigan
  • Member since May 20, 2013
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Brett Russell
  • Investor
  • Chelsea, MI
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Brett Russell
  • Investor
  • Chelsea, MI
Replied

@Yirmeyahu Sofer , the loan would still be in your name, so it would stay on your credit.  Plus, you would risk the bank calling the loan due since title is being transferred.

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