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Updated about 7 years ago,
Asset protection and difficulty in loan acquisition
Hey BP, I have been constantly scouring the podcasts taking notes and educating myself as much as possible. One of the podcasts with Scott Smith #109 he recommends having your properties in an LLC or a trust for anonymity and asset protection. In another podcast Brandon had mentioned that banks tend to be a bit more fussy when looking to lend to a property in an LLC versus a property in the owner's name.
I am wondering why this is the case and what can you do proactively to ensure that this will not be an issue when trying to acquire funding?
Thank you in advance!!