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Updated over 6 years ago,

User Stats

38
Posts
3
Votes
Kevin Dee
  • Investor
  • Great Neck, NY
3
Votes |
38
Posts

Loan Strategies: Using Personal Loan for LLC Owned Property

Kevin Dee
  • Investor
  • Great Neck, NY
Posted

I was curious to see if it's possible to use personal leverage to put a down payment on an investment condo unit, but to purchase it using an LLC. The idea is that I would get a much better rate using my personal history. I think any type of commercial loan would have higher rates. Also, I could "cash out" another property (personal) to get enough for a down payment on a new property (under an LLC). Has anyone done this before? Is this a situation where I would assign the purchase during closing from personal to the LLC? Would this defeat the purpose of the LLC to protect me personally?

Thanks in Advance!!!
Kevin

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