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Updated almost 10 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Omri Ben
  • Investor
  • Cleveland, OH
1
Votes |
6
Posts

investing in clevelend heights

Omri Ben
  • Investor
  • Cleveland, OH
Posted

hi

im an investor in 44118

i want to close on a deal for a single family home for investment , however banks refuses to give me mortgage on my LLC and the mortgage must be on my name as an individual.

however for liability purposes it must stay under my LLC.

the relator told me that if i close the deal on my personal name it can not be transferred later to an LLC as long as the lien(mortgage) is active on the property.

what am i doing now??

thanks :)

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