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All Forum Posts by: Jason Williams

Jason Williams has started 1 posts and replied 4 times.

Quote from @Bill B.:

You'll still be personally responsible for the debt and it will still show up on your credit report/DTI if that's what you're trying to pull off.

You’ll increase your interest rate by 2-5%? Maybe more?

So those are the downsides…what upsides are you imagining happening? Why bother with the LLC? Why borrow against an investment property at a higher rate than you can against your primary?

There’s zero protection by paying it off. In fact you make yourself a bigger target for lawsuits. Did you happen to listen to a podcast or go to a seminar that’s leading you down a stupid path?

Start with why you want to do this. What are you trying to accomplish, what’s the upside to fight all the additional downsides I’ve pointed out?


 I am looking to use my llc as if I were making a purchase of a property from a private seller, however I am the private seller. On the llc side I will rent the property that I purchased from myself, and provide myself some protection of my primary residence. The profits that I make from selling the primary property, will be used to pay off my primary residence 

Quote from @Jaycee Greene:
Quote from @Jason Williams:

I have an investment property that I own outright (in my personal name). I would like to buy my investment property through my llc, and use the money to pay off my primary residence. I’m looking for ideas of how to do this, and any advice on how to protect my primary property along with paying low taxes.

Hey @Jason Williams, welcome to the BP Forum! I'm confused. Are you looking to do a cash out refi on the investment property you own in your personal name? And what does your primary residence need "protection" from?


  would like to buy the secondary house from myself through my llc, and rent it out, and use the money that I made personally to pay off my primary residence.

Quote from @Jaycee Greene:
Quote from @Jason Williams:

I have an investment property that I own outright (in my personal name). I would like to buy my investment property through my llc, and use the money to pay off my primary residence. I’m looking for ideas of how to do this, and any advice on how to protect my primary property along with paying low taxes.

Hey @Jason Williams, welcome to the BP Forum! I'm confused. Are you looking to do a cash out refi on the investment property you own in your personal name? And what does your primary residence need "protection" from?

I would like to buy the secondary house from myself through my llc, and rent it out, and use the money that I made personally to pay off my primary residence.

I have an investment property that I own outright (in my personal name). I would like to buy my investment property through my llc, and use the money to pay off my primary residence. I’m looking for ideas of how to do this, and any advice on how to protect my primary property along with paying low taxes.