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Updated almost 4 years ago,
Trust/LLC clarification needed
Hello BP!
I'm trying to process and figure out the following scenario:
Am I able to purchase an investment property under a Trust OR do you need to purchase it in my name first than transfer title to the Trust thereafter? Will this cause issues with loan process and or title/company insurance.
To my understanding the first investment property you buy would be under my name than I'd create/open an LLC and transfer title. All additional investments would be go through the LLC.
Please advise/clarify
Thanks
Armand