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opening rental property LLC


Newporagadu

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2 hours ago, LungiLingaraju said:

We are in primary living since 7 years .. looking to buy another one as primary on wife name … Adi rent ki ichinam anuko ela telustadi ? Bank ki or g@vmnt ki ? 

Usually they will ask to send the utility bills on your name after few days/months. 

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7 minutes ago, LungiLingaraju said:

Who uncle ? Lender ? 

No one will ask.. go ahead and do that..

Buy as primary residence on your wife name.. so only wife will be deported to India.. no headache !

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1 hour ago, LungiLingaraju said:

Who uncle ? Lender ? 

Lender. Worst case if they find out, they will ask you refi as investment property or refund the loan amount. Uncle has nothing to do here. The best case is to move for 6 months and come back if that’s possible 

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