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I'm thinking about purchasing an LLC and buying a home under it for privacy reasons. THoughts?

by citizenl599 from Beverly, Kentucky. Dec 11th 2020 Reply


Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,262 contributions

Keep in mind that ownership of any LLC, or Corporation is also public knowledge, so it's not likely you can remain anonymous for very long. But your real issue is that there are only a couple of lenders that will actually lend to an LLC or Corporation, and when they do, they treat it as a commercial loan and the pricing is significantly worse than what you could get as an individual. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA. ~ www.ApplyYes.com 480-889-9000.

Dec 11th 2020
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,344 contributions

While possible, buying a home as an LLC, versus buying as a person, changes a lot. Your standard low rate traditional loans DO NOT lend to LLC's. You'll generally need a Non-Qm or commercial loan, and the interest rates are higher on those. Many people buy in their name, and put it in an LLC afterwards. Finally, if you are looking to hide ownership for privacy reasons, any kid on the internet can quickly find out who is behind the LLC. I lend in MN WI IA ND SD. Find me at I am the CEO of a small company (since July 2019) of which I own 20% of its stock. I am starting the process to build a new home in Minnesota. The builder is looking for me to be pre-approved for the desired build price. - MNLS 274132

Dec 14th 2020
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