As a former practicing attorney, I can tell you that you're absolutely right! Purchasing ANYTHING through an LLC will help to insulate you from liability individually; however, my sense is that an LLC -- as a purchaser of an investment property -- triggers more "hoops" that need to be gone through from a MORTGAGE perspective. (Although I'm up-to-the-minute on real estate-specific issues, mortgage issues like the one you're asking, require input and insight from a MORTGAGE expert. I work with 3 FABULOUS mortgage guys....please call me direct at (610) 324-5240 and I would be happy to give you their cell numbers:)
One other thing: to be best informed re: your investment property, please hire an experienced Realtor to assist you. You will find that her/his insight and guidance through this process will be invaluable -- and undoubtedly save you time and money!:) If you'd like to chat with me about your situation, call me at (610) 324-5240. I'd love to help you in any way that I can.
Good luck . . . and blessings to you!
Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience"
CENTURY 21 Alliance
2828 Audubon Village Drive
Audubon PA 19403
O: 610.666.0202 x. 226
C: 610.324.5240 (preferred)
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You will have a most difficult time if you go the LLC route, I can promise you that. Good Luck!
Bank of America Home Loans
Let me know if you need any other help!
The very best of luck to you!
Michael D Delp
4802 Old Bethlehem Pike,
Telford Pa. 18969