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Updated almost 6 years ago,
Looking to buy my first rental property, can i buy under my llc?
Hi Everybody,
I'm in Texas, and looking to buy my first rental property. I've done some due diligence and found a couple of homes that would be good deals. No work on them, and are currently vacant.
My question is there a way to buy the rental under my LLC, or do I just buy under my name and have a title company transfer to the LLC? If I do that, does that protect my personal assets in the event a renter tries to sue? How do I protect my personal assets?
I appreciate any and all advice on how to do this.
Conventional mortgage wants me to put the rental under my personal name, and then go to a title company and switch the title info to the llc, but the loan info is still under my personal info.