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Updated about 10 years ago on . Most recent reply

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57
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9
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Joseph Leonard
  • Fishers, IN
9
Votes |
57
Posts

LLC's with a conventional mortgage?

Joseph Leonard
  • Fishers, IN
Posted

BP community,

I'm starting out and am about to close on my first rental property. I'm using conventional financing from a bank. I want to see how it is possible to hold this property in an LLC while still having conventional financing.

The bank has told me I cannot hold the property in an LLC while having the loan with them. Advice?

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