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Updated over 1 year ago on . Most recent reply
LLC vs. Individual Purchase for First Rental Property Investment?
Hello BP community! I am looking at purchasing my first investment property (SFR/long-term rental) and was wondering if it's better to buy this first property in my name or create an LLC (I'm aware of the liability protection benefits etc. with an LLC and plan on creating one eventually). I know there are different/more restrictive conditions with lending options for an LLC however I have read various threads about it being more advantageous to buy the first property under your name first then pass it through the LLC (maybe risky there if bank calls in loan?). Just trying to learn more before pulling the trigger!
I live in Colorado and the house I am looking to purchase is in South Carolina!