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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.
‎June 6, 2019
7:53 AM