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Updated about 6 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Jan 16, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Jan 16, 2017
Connect
Account Closed
  • Rental Property Investor
  • Atlanta, GA
25
Votes |
45
Posts
Buying & Selling Real Estate

How To Invest Under a Newly Formed LLC

Account Closed
  • Rental Property Investor
  • Atlanta, GA
Posted

I am basically a newbie with 1 investment property. I am looking to purchase a 2nd one and was considering doing so under a newly formed LLC. I have been told this is not possible. At what point can I buy under the LLC?

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Anna Ferntheil's profile image
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Anna Ferntheil
  • Member since Apr 23, 2018
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Anna Ferntheil's profile image
Anna Ferntheil's profile image
Anna Ferntheil
  • Member since Apr 23, 2018
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Anna Ferntheil
10
Votes |
19
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Anna Ferntheil
Replied

I just purchased my first rental property and put it in my LLC. I was able to have the titling agent transfer the title from my name to the LLC at closing. It was relatively straight forward. If you just buy it straight through the LLC, I believe that gets you into commercial loan territory, even for single family properties.

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