Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago, 12/30/2020
Rental Property Financing
When you have a potential investment partner for a rental property, how do you typically finance the mortgage on the property that makes your LLC the owner on the title/deed and not you specially? For conventional financing, do banks typically offer mortgages to LLC+investment person? As a business owner, how would one not become "liable" for the mortgage, but the LLC? I'm having a hard time wrapping my head around conventional financing for rental property as a business owner. As I'm sure credit reports and asset review needs to be done to qualify for a mortgage, which is totally fine and all. I just need to figure out how to put the LLC on the title without tripping the "due at close" clause for conventional mortgage financing when switching ownership/title to an LLC.