Running a new property under a new LLC

[Ricardo Garcia]

Please, looking for advice. For example, Can I use the LLC's bank accounts to maintain and run new property financial books?

I'm a rookie in the process of acquiring my first property in Katy, TX. Closing date Sept 3rd! I formed a new LLC, but I'm buying the property with a conventional personal loan. Since getting a new loan for investment property under a new LLC is complex, the property mortgage will be in my name, not in the LLC.

Should anything else related to the new property be run under the LLC? Again, that will help LLC build the credit line for future acquisitions of properties even if the property itself is not under the LLC name.

Your advice, comment, and guidance are much appreciated and welcome.

Thank you,

Ricardo Garcia

[Ryan Olsen]

@Ricardo Garcia

After 3-months of payments do a quit claim and transfer deed from personal to LLC. Simple step. Little cost.