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Updated almost 6 years ago,
Personal or Business Loans for Newbie?
I am currently in the process of starting my real estate journey, in efforts to become financially free. I am starting out by obtaining a base knowledge in real estate (books, webinars, podcasts), getting a feel for the market (Dayton, Ohio), and creating an execution plan. One of my questions for starting out would be: Is it better/easier to start out by purchasing the first few properties on a personal loan, or to start a business entity like an LLC and get loans that way? At the moment, I barely have enough cash for a downpayment on a first unit.
Any advice is much appreciated!