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Updated almost 6 years ago on . Most recent reply

Tariq Sabree's profile image
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Tariq Sabree
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General Landlording & Rental Properties

So I have primary residency that I want to rent out and purchase

Tariq Sabree
Posted

So I have primary residency that I want to rent out and purchase another house to live in. If I put the first house in my LLC will the debt come off my personal credit, which will help me get approved for the second home I want to live in. It's a matter of time is why I'm asking I don't want to lose out on the house because I can't show rental income yet for the first house. Sorry if this sounds extremely confusing.

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Bill B.#3 1031 Exchanges Contributor
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Bill B.#3 1031 Exchanges Contributor
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It doesn’t matter if you or your llc “owns” the property. The mortgage is in your name. 

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