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Updated about 3 years ago,
First Time Property - Forming an LLC
Hi all, have another one
I was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property in my name. Since this is my first, I don't really have much of a choice. I have the funds for the down payment - but not to pay cash or more than the 20% down
Is it unwise to get the loan in my name, have renters pay rent and all other business to the LLC? Will that still limit my liability?
For someone's very first property - are there other considerations other than forming an LLC that would still somewhat protect me?