Transferring personal money to LLC - Any issues??

[Colin M.]

Im in the process of searching to buy my first property... This will be an investment property (apartment)

Im told by friends that its best to buy as a "first time home buyer" instead of setting up an LLC and buying as "an investor" - for tax purposes? Does this make sense?

Also, if i were to set up an LLC and buy through that, are there any issues with transferring my personal savings/money into the LLC and buying with this? Do i need to look out for any tax hits for doing such a move? Both personally and as a business owner!

Thanks