Business operations with 3 investors

[Charlie Redding]

Hello all,

I'm one of three partners purchasing a duplex. We formed an LLC but from what we're finding out we can get much more attractive financing if we purchase the property in our three personal names.

My question, is how should we structure the operations of the business? Can we have the operations in an LLC (rental income, business expenses, etc.) while having the property held in our personal names? Or should we maintain our books separately and just ditch the LLC as the property is in our personal names anyway?

Any advice is appreciated.

Thanks!