Is the LLC path common?

[Chandler Ludwick]

I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would just get insurance?

[Joseph B. Davisson]

As a couple of others have stated, don't use Quit Claim Deeds in Texas.  When you sell, the title companies will require a Warranty Deed to be executed so you might as well execute one to begin with.  Banks do loan to LLCs.  They may require the individual member(s) to sign a personal guaranty for the loan.  Don't borrow money in your personal name with the intention of immediately deeding to an entity.  Your lender may consider this fraud- read your loan agreement.  It happens, and the lender likely wont accelerate but going into the loan with the intention of transferring title is not a great idea.