New Hampshire LLC Question

[Matt McLaughlin]

Hey everyone! First post here. I just bought my first duplex in Manchester, NH and I have a question about LLC's. I can't find a loan to let me buy this in an LLC. So I'm moving forward with putting my name on the mortgage and just buying a higher limit of insurance. But I'm curious if it still makes sense to create an LLC. I'd like to be able to refinance this property and transfer ownership to the LLC at some point. Will a bank want to see that I'm keeping the books as the LLC? Is it feasible to "hire" my LLC as the property manager so I could push liability that way? Is it possible to take advantage of any tax breaks if the LLC isn't on the mortgage? Can I have my tenant make rent payments to the LLC? Any help is appreciated. Thanks so much!

Hoping I can repay the favor once I start learning how to play this game.  

[Mitch Hartford]

Ok, here goes, I'll do my best. You can refinance into an LLC, I've done it. A commercial mortgage will allow you to buy a duplex in LLC. I didn't keep books as an LLC and the bank didn't care. Not sure about your liability and tax benefit question. My tenants do pay rent to my LLC's.

Congratulations on your new venture! I would recommend listening to the podcasts here on Bigger Pockets if your not already doing so. They have a wealth of knowledge.