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Updated almost 2 years ago,
LLC Holdings vs. Personal Holdings
Question for all my loan officers or other experienced investors. I own 3 rental properties, acquiring my 4th in 60 days. Just for context, I used a lender I will never use again (no name lender) and I have used Lower.com for my other properties. I was pleased with Lower.com however, I had one issue. When purchasing my ABNB property I was told (in writing) that after the closing of the loan, I would be able to contact Lower.com and get my property transferred from my name to my LLC. After months of little to no help, I found out Lower.com does not deal with LLC loans and would not be able to transfer or issue a loan to an entity or company such as my LLC.
My question for you guys is this. When purchasing a property under your LLC, what lenders have you been pleased with? I am still undecided if I will purchase this next property personally or with my LLC. Thank you in advance and I look forward to your responses!