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Updated over 6 years ago, 04/06/2018

User Stats

45
Posts
16
Votes
Eric Davenport
  • Taylor Mill, KY
16
Votes |
45
Posts

Best way to borrow-LLC or personal?

Eric Davenport
  • Taylor Mill, KY
Posted

Hello All!

What is the best way to secure a loan under an LLC to reduce liability? I know that many banks do not lend to LLC's and transferring a personal loan to an LLC can trigger the due on sale. It's rare that banks call on this, but at least in the early days of my investing I'd like not to take any chances.

How do you borrow and reduce the liability as much as possible?

Thank you for any insight or suggestions!

-Eric

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