Hold first properties as individual or quitclaim to LLC

[Benjamin Giles]

It seems that there is currently more financing available to LLC's than there are to individual investors at the moment. These were cash deals and I currently own both outright and have not refinanced yet.

Should I quitclaim my 2 properties to my LLC and use that entry level resume of 2 deals to access more financing or should I continue investing as an individual in order to obtain lower rates? At the moment it seems like paying the slightly higher rate the LLC would get on a loan may be worth it as It would open doors to more capital that seems to prefer working with LLC's over individuals.

Or...am I operating with bad info and there is just as much financing for individuals and I'm just looking in the wrong places. (i.e. seems like most hard money lenders want at least 2 deals under your belt before they will give you a solid rate.)

The more nuanced the answer the better. Thanks

[Sarah Brown]

Hmm you post an inserting question. It's been my experience lenders generally don't like to loan to LLC's unless you are doing a commercial loan. I have always borrowed in my name and then QC to my LLC. It'll be interesting to see what others have to say about this.