Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago, 01/29/2024
Is an LLC needed before buying the property?
Hi,
I'm just starting out in my real estate investing journey and am looking to buy a single family home to buy and hold as a long-term rental. Do I need to have an LLC set up prior to obtaining a loan or can I have the mortgage in my name but then still buy the property under the LLC name?
At the moment I do not have an LLC set up, but I’ve already been pre-approved for a conventional loan in my name - can I use this to obtain the financing but still have the property under an LLC or does the loan need to made out to an LLC and my pre-approval is basically useless?