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Updated about 1 year ago,
LLC to get funding for fixers
I am being told by a few financing companies that I need an entity (like an LLC) in order get a Bridge loan of fix and flip loan. (I currently have properties in my own name with conventional mortgages). Has anyone any advice on what type of LLC to get and after the rehab I am thinking of putting the home in my own name so that any future transactions don't trigger capital gains (such as estate planning down the road). I prefer the simplicity of my own name with good insurance coverage for liability. Thoughts?