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Updated over 2 years ago on . Most recent reply

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General Real Estate Investing

FIRST INVESTMENT PROPERTY PUTTING IN AN LLC

John DeLuca
Posted

Hey i'm looking to buy an investment property but want it to be in an LLC and am struggling to find a bank to lend to a first timer in an LLC. I've been advised. that I cannot buy and then move to an LLC. Any suggestions on this?

Baltimore, Maryland
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Nathan Grabau
  • Realtor
  • from Longmont, CO
  • Member since Dec 27, 2021
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Nathan Grabau
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  • from Longmont, CO
  • Member since Dec 27, 2021
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Nathan Grabau
  • Realtor
  • Longmont, CO
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Nathan Grabau
  • Realtor
  • Longmont, CO
Replied

You technically can have the due on sale triggered when you move title to an LLC. My private bank was willing to lend to me based on using a property manager to manage the property that the bank had a relationship with.

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