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Casey Cu
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Can you get mortgage on llc

Casey Cu
Posted Aug 3 2008, 10:55

Hi, I'm Casey from Colorado.

I currently own a vacation condo that I rent on a short term basis. (approx 150 days a yr)

I run the rentals as an llc for everything, but I never got around to makeing the llc the owner of the actual property (is it quit-claim or quick-claim?)

So I want to get a mortgage on the property (i currently own it free and clear) but I'm assuming I should do the quick claim first and get the property to be owned by the LLC. Will that affect my ability to get a mortgage?

I'm getting the mortgage to buy another investment property.

casey

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