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All Forum Posts by: Rusty Lee Monchil

Rusty Lee Monchil has started 1 posts and replied 4 times.

Kansas City, Missouri
New Member Introductions

Post: Loan question for purchasing rental property

Rusty Lee MonchilPosted
  • Posts 4
  • Votes 0

OK. Thanks for info. Too follow up on your answer some banks will loan to LLC. Correct ?

0 Votes
Kansas City, Missouri
Legal & Legislation

Post: Bank wont allow my LLC to have a mortgage

Rusty Lee MonchilPosted
  • Posts 4
  • Votes 0

I have a similar issue. Purchasing first rental have 20% cash. Bank ok with me purchasing property under LLC, but wants loan in wife and I personal name. I would like all under LLC to totally separate business from personal.

0 Votes
New Member Introductions

Post: Loan question for purchasing rental property

Rusty Lee MonchilPosted
  • Posts 4
  • Votes 0

Looking to purchase first rental property. Have LLC set up, bank wants 20%, since not using equity from personal home, but they want to loan in my personal name, not my LLC.

Question : Don't I want the loan to my LLC, so completely separate from personal life, assets ?

0 Votes
Kansas City, Missouri