Primary Residence and LLC

[Matthew Malley]

Im currently in the process of purchasing my primary residence and have about a month until closing.

I am also a part of a 3 person LLC that owns and manages a STR property - I own 40% of the business. We're also in the final stages of purchasing another STR unit (bringing it to 2 total). Both units were purchased under an LLC and are personally guaranteed by the other LLC members.

Do I need to disclose this for my primary residence? My mortgage broker is saying that I do not since it is personally guaranteed by the others.

Looking for second opinions and appreciate the help.