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Updated about 6 years ago on . Most recent reply
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First Property - Personal Financing + LLC
Finally taking the plunge into my first real estate investment purchase. I've analyzed various small multifamily properties in the Dayton, OH area and have found one with good returns in a decent location. I'm working with a business partner and with talks to hard money lenders. They have explained that we will have to take out the mortgage loan personally. The predicament is that we have an LLC and would like to have the title and eventually the loan under the LLC.
Does anyone have any experience/strategies with the legalities behind getting a title with an LLC from day 1, and or transferring the title/loan into the LLC after purchasing under our personal information?
Thanks!