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1. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  In the event of a foreclosure the load recovery should happen for the property that I took with the loan and not my existing rental properties...right?
  ffarouqi
  
  Post #22
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
2. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  What is a non-recourse loan? I never heard about them. Can you explain a bit.
  ffarouqi
  
  Post #18
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
3. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  It is paid off.
  ffarouqi
  
  Post #17
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
4. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  I want a collateral to invest in another property
  ffarouqi
  
  Post #16
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
5. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  Basically, is there any benefit of going with an LLC thing then? Thanks for your quick response
  ffarouqi
  
  Post #9
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
6. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  I am not particularly sure but someone suggested me to register an LLC, add these 2 rental properties under the LLC and then take a collateral against the 2 properties on the LLC...not sure if that would help me achieve anything as they obviously would still need a guarantor. LLC is a virtual...
  ffarouqi
  
  Post #7
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
7. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  I need to basically take a collateral loan from the bank on the existing properties but I am thinking it would be best to form an LLC although I am not sure what benefit it would derive...will it help me if I am not able to pay off my loan or file for bankruptcy?
  ffarouqi
  
  Post #6
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
8. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  Can I have it registered under the name of the LLC? What difference it would make if I take a collateral loan with properties under my name or if the property is under the LLC.
  ffarouqi
  
  Post #3
  
  Nov 18, 2019
  
  Forum: Other Real Estate Law Questions
9. F
  Registering 2 rental properties under an LLC to get a collateral on the LLC
  
  I am on the look out to know if I can register an LLC and have my 2 rental properties under the LLC so I can get a collateral from the bank on the LLC. State: IL City: Aurora Zip: 60504
  ffarouqi
  
  Thread
  
  Nov 18, 2019
  
  Replies: 24
  
  Forum: Other Real Estate Law Questions

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