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Updated over 8 years ago on . Most recent reply

User Stats

114
Posts
2
Votes
Joseph Tarallo
  • South Amboy, NJ
2
Votes |
114
Posts

rentals and llc help

Joseph Tarallo
  • South Amboy, NJ
Posted

@darrensager 

I'm curious to know what most property owners do when it comes to protecting yourself and also tax purposes. I read some pros and cons for putting rentals in an LLC. The one that concerns me the most is that the mortgage company can take your interest rate away and or show that you sold the property to an LLC. Which can trigger you to payoff the loan or switch you to a commercial rate. . . I wanted to create an LLC for my property but I'm not sure it's the best idea ...
@darrensager 

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