Bronze Supporter
- Messages
- 5,307
- Reactions
- 4,936
Getting ready to make a purchase of my first rental property...
Some people use an LLC and some don't...
What are the pros/cons?
I currently have an LLC for a food truck business, could I just use that LLC or is it advisable to ise a separate one for the rental?
Using a HELOC to buy the house. Once its refinished and rented I want to refi it to pay off my loan... So my personal home isnt on the line anymore. Does having it under the LLC affect credit at all?
Thoughts???
Some people use an LLC and some don't...
What are the pros/cons?
I currently have an LLC for a food truck business, could I just use that LLC or is it advisable to ise a separate one for the rental?
Using a HELOC to buy the house. Once its refinished and rented I want to refi it to pay off my loan... So my personal home isnt on the line anymore. Does having it under the LLC affect credit at all?
Thoughts???