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All Forum Posts by: Jason Prendergast

Jason Prendergast has started 9 posts and replied 21 times.

Buying & Selling Real Estate

Post: How to end up with mortgage in LLCs name?

Jason PrendergastPosted
  • Real Estate Investor
  • Debary, FL
  • Posts 21
  • Votes 2

My fiancee and I are at the beginning of our investment career. What we havent been able to get a straight answer on yet is how to limit our liability. We started an LLC but are told to put the mortgage in our name, then quit deed it to the LLC (which, as im to understand, isnt very good advice even though many people do it).

Also, how do we continue to acquire property if these mortgages are in our name and we cant claim rent as income for 2 years?

0 Votes