VA Home Loan + LLC + Revocable Land Trust
I purchased a home in Norfolk VA using the VA loan some time ago. I'm interested in purchasing another home in the area but I don't want to sell the one I have and I want to maximize my borrowing power. Because of some other ventures I already have a registered LLC in VA. If I were to create a Land Trust for my property and assign it to my LLC:(1) would the Mortgage show up on my personal credit or would it be payable by the LLC? (2) Are there any legal pitfalls in your experiences that I should be aware of?