Buying under personal name or corporation?

[Shal Patel]

I am eager to buy a rental property and I need help to decide either I open corporation or buying under my name. Help me understand both options.

[Account Closed]

If you are looking at purchasing single family homes or 2-4 door duplex/apartment building using conventional mortgages, you will need to get the mortgage in your personal name. I recommend finding a mortgage broker in your area and making an appointment to go in and find out how to get started. Even if you don't end up deciding that particular broker is a "good fit" for you, you will have a lot more information than when you started and will have some ideas for further research you can do to move ahead.

From an asset protection stand-point, I recommend reading Garrett Sutton's book, "Start Your Own Corporation".

Good luck!