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Updated over 2 years ago,

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4
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2
Votes
Melissa Hu
2
Votes |
4
Posts

Get an LLC to buy first property?

Melissa Hu
Posted

Hi there! I was wondering whether rookies (like myself) decide to buy their first property with an LLC. From my research, it looks like getting financing is more difficult under an LLC vs a personal loan. My worry is that my name is on the title of my parent's home which then makes their property a liability. Of course I would be getting property insurance- I guess you can say I'm being overly cautious.

I've read pros and cons for both for a new investor, but was hoping for more advice and opinions. Thanks! 

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