Personal Loans and REI LLC

[Devon Fritz]

Hi all,

I currently hold personal mortgages for properties that are deeded to a sole ownership LLC. Ideally I would have the mortgages held by the LLC, but as most of you know, that would be a commercial loan and would result in higher interest rates. The question is 2-fold:

1. Besides the personal liability downside, are there any disadvantages to having a personal loan for LLC held REIs?

2. Does anyone have a HELOC or even secured commercial loans with their banks under their LLC?