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Updated over 2 years ago,
Putting Property into an LLC
I'm just starting out and wondering if I can put the property I'm interested in buying into an LLC. Its a multifamily apartment with 3 doors, and I would have to take out a mortgage after putting down 20%. The reason I want to put it into an LLC, are for the legal protections it provides. I also am only renting right now and me and my family will work together across states to take care of this property. The family does have a trust that we were eventually thinking of putting this real estate into.
Does this make sense?
I want to get pre approved this afternoon, with a good lender in the area .any recommendations?