mortgage for investment property

Hi rhmkr,

You can contact the local lenders in order to get a mortgage while your property is placed in an LLC. You should inform the lender that you intend to place the property in an LLC. If the lender agrees to it, you'll be able to get a mortgage.

Thanks,

Jerry

Do you know of any specific lenders that are willing to allow the property to be placed into al LLC?

Thanks,


Ryan Hamaker

Hi Ryan,

It will be solely a lender's discretion as to whether or not he will allow you to place your property into an LLC. You need to speak to your lender and clarify whether or not he will allow you to place your property into an LLC.

Thanks

Yes, you have to inform the lender about the LLC plans for the property and ask them how their system operates around that. This kind of transparency with both parties will help you plan your strategy ahead and also will allow to to get vital information from the lender. This is what my friend who is a Columbus real estate agent told me some months back, she has been a wealth of advice for me over the years.