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Updated over 4 years ago,
TO LLC or TO NOT LLC, that's my question
First post, long time lurker and hopefully soon an RE investor.
CONTI am looking to get a few Buy and Holds at under 100k per property. I've read that to limit my risk, I should title them as their own LLCs or at least have a separate LLC for the properties so I don't expose my other assets (primary residence, retirement, etc). However, as I am looking into financing, whether to buy out-right or to do a BRRRR, I haven't had much luck finding a lender that would allow me to do this as an LLC.
- For those that have been doing Buy and Hold or BRRRRs for a long time, how do you title your properties?
- Do you get the loan under your name and retitle to the LLC afterward? If so, are there any risks (bank calling the loan or something like that)?