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Updated almost 2 years ago on . Most recent reply

Christopher Zmolik's profile image
Christopher Zmolik's profile image
Christopher Zmolik
  • New to Real Estate
  • from Dallas, TX
  • Member since Mar 9, 2023
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Christopher Zmolik's profile image
Christopher Zmolik's profile image
Christopher Zmolik
  • New to Real Estate
  • from Dallas, TX
  • Member since Mar 9, 2023
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Christopher Zmolik
  • New to Real Estate
  • Dallas, TX
9
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8
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General Real Estate Investing

Put first house in LLC?

Christopher Zmolik
  • New to Real Estate
  • Dallas, TX
Posted

Looking for direction on if I should put my first home in my LLC or personal? I've been getting close to my first deal lately and I'm just trying to be prepared in all aspects. Thanks for the help.

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Jaron Walling's profile image
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Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling's profile image
Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Christopher Zmolik You don't need or want an LLC for your first investment property. Buy it with conventional financing and level up from there. You'll find better rates and terms.

You can have up to 10 conventional mortgages under your name. Married? Your wife could have 10 as well. 

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