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Updated over 3 years ago,
Primary Residence and LLC
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.