PoorGirl Posted October 23, 2020 Share Posted October 23, 2020 I know that it can be difficult to get a mortgage for a corporation, but I wondered if anyone has info on a hybrid kind of situation? Where it would be my LLC applying for the mortgage, but my company would have a signed lease with myself (and probably one other person). So it would be owner-occupied basically, even though it would not be a personal/individual mortgage? I could sign for 5 years so that the mortgage company feels that's more stable. Am I right that this would be more difficult than getting a standard personal mortgage? I'm thinking of trying to build business credit, but I don't want to spend the time and effort if it won't qualify for a loan anyway. I know that I could get the personal mortgage (but I want it through the LLC so that I can add/remove other tenants more easily.) Quote Link to comment Share on other sites More sharing options...
IndyPoolPlayer Posted November 6, 2020 Share Posted November 6, 2020 This would be considered an investment property even if you live there. In states where there is a higher property tax on rental and investment property (such as Indiana) the higher tax rates would apply. Quote Link to comment Share on other sites More sharing options...
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