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Updated about 11 years ago on . presented by

Georges A.'s profile image
Georges A.'s profile image
Georges A.
  • Rental Property Investor
  • from Barcelona, Spain
  • Member since Feb 20, 2014
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126
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16
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Georges A.'s profile image
Georges A.'s profile image
Georges A.
  • Rental Property Investor
  • from Barcelona, Spain
  • Member since Feb 20, 2014
Connect
Georges A.
  • Rental Property Investor
  • Barcelona, Spain
16
Votes |
126
Posts
Tax, SDIRAs & Cost Segregation

LLC and owner occupied

Georges A.
  • Rental Property Investor
  • Barcelona, Spain
Posted

Hey guys,

just met with one potential mortgage lender today and when asking if I can get a loan under an LLC the lender replied "no that's not possible". Is that correct?

the property I will be buying WILL be owner occupied and is not an investment property (well not according to the bank at least).

I am assuming if it will be owner occupied then I cannot get it under an LLC? how about when I move out (and the mortgage is still not paid) can I put it under an LLC then or would I have to refinance?

please advise

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