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Updated almost 6 years ago,

User Stats

78
Posts
15
Votes
Vidit S.
  • Rental Property Investor
  • New York
15
Votes |
78
Posts

Is it true I can get a low rate mortgage with a LLC/trust combo?

Vidit S.
  • Rental Property Investor
  • New York
Posted

Hi - I have saved up some cash aside and I am looking to break through this year in rental property investing for long term buy and hold for cash flow. My main aim is to have a proper legal structure for asset protection(from tenant lawsuits etc) in place for my rental investments knowing well that it comes with higher mortgage rates if I buy properties under a legal entity like an LLC.

But while I was shopping around for lawyers, one lawyer from Anderson Advisors said that I can get a low rate conventional mortgage(like i was buying a second home or an investment property) from the lenders with a LLC instead of a commercial loan if I set up a land trust with the LLC as a beneficiary and telling the banks that I am putting the property in a land trust for Estate Planning purposes right off the bat.

I wanted to validate this if this is indeed true and if anyone has successfully done this before because I searched the forums and I could not find anything like this. 

Really appreciate any input on it. 

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