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Updated almost 9 years ago on . Most recent reply

Joseph Leonard's profile image
Joseph Leonard's profile image
Joseph Leonard
  • from Fishers, Indiana
  • Member since Jan 26, 2016
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Joseph Leonard's profile image
Joseph Leonard's profile image
Joseph Leonard
  • from Fishers, Indiana
  • Member since Jan 26, 2016
Connect
Joseph Leonard
  • Fishers, IN
9
Votes |
57
Posts
Private Lending & Conventional Mortgage Advice

LLC's with a conventional mortgage?

Joseph Leonard
  • Fishers, IN
Posted

BP community,

I'm starting out and am about to close on my first rental property. I'm using conventional financing from a bank. I want to see how it is possible to hold this property in an LLC while still having conventional financing.

The bank has told me I cannot hold the property in an LLC while having the loan with them. Advice?

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