CathiM
New Member

Investors & landlords

If it is a single member LLC and you are the only member, it doesn't make a difference for tax purposes if the mortgage is under your name.  Mortgage lenders will usually not lend to a new business with no credit rating.  So this a common situation.

It would be cleaner to pay everything for the rental property including  the mortgage out of the LLC bank account, but not necessary for the tax deduction.

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