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Updated over 5 years ago,

User Stats

195
Posts
23
Votes
Ashley Zhang
  • Investor
  • colorado
23
Votes |
195
Posts

Set up LLC for new SFH?

Ashley Zhang
  • Investor
  • colorado
Posted

Hi All, I often heard people talking about set up LLC and put investment properties under LLC instead of personal name for the assets protection purpose. However, I didn't see many post on how to treat building new constructions and selling for profit. If a LLC should be set up, instead of selling the new construction under personal name, what's the good time to set up? Pre-construction, during construction, or after the property has been built? Also bank normally don't loan to LLC, then how to get the loan from bank for the construction? Thank you so much for the input!

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