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Updated about 18 years ago,

User Stats

35
Posts
0
Votes
Maiko Miyake
  • Homeowner
  • Takoma Park, MD
0
Votes |
35
Posts

Could LLC harm the chance of getting mortgage?

Maiko Miyake
  • Homeowner
  • Takoma Park, MD
Posted

I was just talking to a CPA about setting up an LLC to hold my investment property. He cautioned me of this approach (although he thinks it makes sense from asset protection stand point) lenders may not give me mortgage. Since so many of you out there holding investment properties in LLCs, there must be a way. Any tips?

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