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Updated over 13 years ago on . Most recent reply

Damon J.'s profile image
Damon J.'s profile image
Damon J.
  • Real Estate Investor
  • from Atlanta, GA
  • Member since Dec 27, 2010
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Damon J.'s profile image
Damon J.'s profile image
Damon J.
  • Real Estate Investor
  • from Atlanta, GA
  • Member since Dec 27, 2010
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Damon J.
  • Real Estate Investor
  • Atlanta, GA
4
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Creative Real Estate Financing

Conventional Mortgage with LLC?

Damon J.
  • Real Estate Investor
  • Atlanta, GA
Posted

I have purchased a triplex which I will be renting out. The purchase was made with a conventional mortgage and in my own name thus the best financing options.

Obviously it would be advisable to own this property in an LLC which I have not set up as of yet. However I have understood that technically it is not possible to get "good" conventional financing when purchasing as an LLC and could also run into issues by diong a quit claim deed on my current property to move to LLC.

How have others handled this?

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Mitch Kronowit's profile image
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Mitch Kronowit
  • SFR Investor
  • from Orange County, California
  • Member since Dec 3, 2009
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Mitch Kronowit's profile image
Mitch Kronowit's profile image
Mitch Kronowit
  • SFR Investor
  • from Orange County, California
  • Member since Dec 3, 2009
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Do a search for "deed LLC" right here on BiggerPockets, grab a cup of coffee, and enjoy. :-)

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