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All Forum Posts by: HJ Wang

HJ Wang has started 13 posts and replied 24 times.

General Landlording & Rental Properties

Post: Forming LLC for rental questions

HJ WangPosted
  • Nashville TN
  • Posts 24
  • Votes 6

Thanks but My main question is do I have to put the rental mortgage under LLC if I use LLC to manage it?

0 Votes
General Landlording & Rental Properties

Post: Forming LLC for rental questions

HJ WangPosted
  • Nashville TN
  • Posts 24
  • Votes 6

I did searched but if you could just point me to the thread won't it be more helpful and efficient than just made that comment?

0 Votes
General Landlording & Rental Properties

Post: Forming LLC for rental questions

HJ WangPosted
  • Nashville TN
  • Posts 24
  • Votes 6

I plan to get a mortgage for the rental property. If I plan to manage the rental through LLC, do I HAVE to transfer the mortgage to the LLC or I can still hold the mortgage on my own name? If I dont have too, if the LLC get sued, does it mean it has no asset since it has no property under it?

0 Votes
Goals, Business Plans & Entities

Post: Creating rental LLC with no real estate?

HJ WangPosted
  • Nashville TN
  • Posts 24
  • Votes 6

I understand it is hard to get mortgage for LLC. So can I get a mortgage under my own name and create an LLC and operate the rental under LLC but don't transfer the rental property to LLC so I can take the benefit of tax credit and liabiilty protection but no headache of dealing with bank to transfer the mortgage under the LLC name?

0 Votes