Creating an LLC for each rental

[Rich Sutherland]

Hello All,

I am trying to purchase my first rental and I was hoping to place the rental into an LLC after I bought it. I would be buying it and then changing it over later to the LLC. I was just informed that this doesn't work or Banks don't approve it.

Does anyone have any thoughts, I'd rather not do a commercial loan, in regards to moving it over And does it actually cover me at all in an LLC in this situation.

Thanks for your assistance.