Updated over 6 years ago on . Most recent reply
So I have primary residency that I want to rent out and purchase
So I have primary residency that I want to rent out and purchase another house to live in. If I put the first house in my LLC will the debt come off my personal credit, which will help me get approved for the second home I want to live in. It's a matter of time is why I'm asking I don't want to lose out on the house because I can't show rental income yet for the first house. Sorry if this sounds extremely confusing.
Most Popular Reply
Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
It doesn’t matter if you or your llc “owns” the property. The mortgage is in your name.