Buying under an LLC

[Khoa Ha]

Hi BP,

I have purchased a few properties before. However, I have not done it under an LLC before. I recently put one of my triplex under an LLC but wish to be able to purchase future investment properties using the LLC to avoid going through all the paperwork to move it under afterward. Is this possible and if so which lender/what will they need in order for them to allow me to do that?

I just formed my LLC in 2023 and put a triplex under it this year so I have not file any tax return under it yet so how will the lender evaluate my LLC and underwrite for it?

Thanks,
Khoa 

[Chris Seveney]

@Khoa Ha

There are 100,000 posts on this subject. They will ignore the LLC if it's new and underwrite you and have you provide a personal guarantee.