LLC question/Advice? I live in North Carolina!

[Alex Murphy]

I'm a new real estate investor who is in the learning/planning phase! I live in Charlotte North Carolina and should I file for a LLC before I purchase my first property? I want to receive the tax benefits and protect myself legally and financially. Will I be able to obtain financing through an LLC from a bank to obtain a mortgage? Thanks for reading!

[Raul R.]

@Alex Murphy

You may find financing but your options will be limited and it will not be a Fannie Mae loan which means interest will be higher than the standard rates..

If you want the best rates you need to buy in your name. Some buy w their name and then transfer to LLC but bank can call the Due on sale clause which is the reason I don't do that..