I was curious to see if it's possible to use personal leverage to put a down payment on an investment condo unit, but to purchase it using an LLC. The idea is that I would get a much better rate using my personal history. I think any type of commercial loan would have higher rates. Also, I could "cash out" another property (personal) to get enough for a down payment on a new property (under an LLC). Has anyone done this before? Is this a situation where I would assign the purchase during closing from personal to the LLC? Would this defeat the purpose of the LLC to protect me personally?
Thanks in Advance!!!
Sorry, I'm not familiar at all with the RES loan? Is that just a mortgage?