LLC refinancing
Hi BP experts
I'm planning on investing in Louisville, KY Real Estate in the near future. I'm a physician with good income and excellent credit, and I can easily qualify for a mortgage for the types of properties we'll be looking at. However, I want to invest within an LLC that I formed with my father, rather than having myself listed on the mortgage. I'm doing this to protect my personal assets from potential future lawsuits. I know this can cause an issue in obtaining mortgages since it's a brand new LLC. What about doing this in reverse? I can come up with enough cash to buy the property myself. Could I then refinance within the LLC, or would I still have to be personally listed on the mortgage? Thank you in advance for any input or past experiences you might be able to share!