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Updated about 3 years ago,
Buy and Hold using LLC or buy personally?
Hello,
My brother and I have created an LLC to start in real estate investing. I am currently struggling to understand a great entry point. I am under the impression it is better to put rental properties under the LLC to protect ourselves personally but banks aren't going to loan money to a new LLC. If we are looking to finance a buy and hold property, should we go ahead and buy from the personal side(outside of LLC) if we want to finance? This seems like the only option for buy and hold if we are wanting to finance. Is this pretty common? Are the liabilities worth the risk personally? Is this a correct way to think about it? Any help would be appreciated.
Thanks,
Sean M