advice for first time purchasing/closing with LLC

[Joseph Hoot]

Hi all,

We're within a week from closing on our first property in Georgia. We'd like to have it owned by an LLC that we created (FYI, I have listened to the podcasts about not worrying about entities until you get going. However, we went ahead before I listened to those. So at this point, we're just trying to keep the momentum going and start building our processes with the LLC in mind). I was told by my lender that this is a simply process the occurs at the end of the closing. He described this as it officially gets purchased in my our name, then the title company transfers it into the LLC.

QUESTIONS:

1. Closing into an LLC - Does the information above sound roughly accurate?  Can anyone fill me in more on what questions I should bring up to the title company ahead of time to ensure the likelihood that we don't run into any issues at the closing table?
2. Purchase Agreement - could this be done more easily by simply including the LLC as the entity purchasing the property? If I do this, I'm assuming the banks are comfortable with this, so long as the loan is taken out by me personally (at least, until the LLC has enough funding available to support it on their own).

Thanks,

Joe