Should I get an LLC for Rental Property with a Mortgage?

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Team and our partners at Maya’s Hope Fundraiser

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

Less well known about me is that I’ve also served as the Head of Marketing at a Y combinator Cyber Security Startup (raised their value by creating winning marketing, twice), served as a marketing specialist, data management contractor for the Cyber Security Infrastructure Security Agency (CISA, which is a division of the United States Department Of Homeland Security), wrote and published “The House Hustle” for Black Entrepreneurs, wear two five-fold Crosses, hold a degree in Africana Studies from Rutgers University (I’ll always be a Scarlet Knight), and am former active firefighter.

Feel free to verify any of this on Linkedin:

Live Free! Break the Chains!

September 27, 2022

Should I get an LLC for Rental Property with a Mortgage?

There are many controversies, especially for new real estate investors, about whether getting an LLC for a rental property with a mortgage is a smart idea. To assist minimize your responsibility and establishing credit for your real estate business, it’s typically a good idea to hold rental property in the name of an LLC. Nevertheless, if you’re getting an LLC mortgage for the first time, it can be challenging.  The drawbacks of purchasing a home using an LLC are much outweighed by the benefits for novice real estate investors. This method of business growth may be advantageous for experienced investors who want to build a career out of real estate investing. Experienced investors, in particular, can acquire a large amount of real estate that shields them from personal liabilities. If you want to provide your company the ability to own […]