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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Jacob Lamar
  • New to Real Estate
  • New York, NY
2
Votes |
8
Posts

Starting Off: Personal Ownership or LLC

Jacob Lamar
  • New to Real Estate
  • New York, NY
Posted

I am preparing to buy my first property. I've noticed that a lot of people start their investing career with a conventional mortgage and personal ownership of the property. This appear to allow them to get portfolio loans in the future for an LLC owned property. Long term I want my properties in an LLC so that it is easier to manage long term.

So with my first property do I go the easy route and get a conventional mortgage in my own name. Or start with an LLC owned property with a portfolio or commercial loan?

Thanks for comments!

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