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Updated almost 7 years ago,
Starting an LLC or own under my own name
I am trying to plan out my start into Real Estate.
My plan is to save some more money over the next 6 months to purchase a cash property while at the same time just register for an LLC and work on building a credit line over the next 6 months just so that my LLC has some sort of credibility out in the credit world. I was thinking of purchasing my first property and having it under my LLC and use the BRRR method.
But I've been reading how difficult it is to find a bank to refinance and cash out with an LLC so I was thinking maybe I should just stick to doing it under my name for the first 3 properties and then just grouping them together under a portfolio at a later time? Any thoughts?