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Updated over 1 year ago,
Loan under LLC vs. Personal Name to begin
Hi everyone,
My post for today is in regards to if it is better to get a loan with an LLC or personal name when purchasing my first investment property. I ask this question because ideally I would like to create an LLC and put all my investment properties (rentals) under that LLC, but I know that getting a loan under an LLC can be difficult among other factors like higher interest rates, especially like an individual in my case who is new to the game. In your experience should I forgo opening an LLC for the first few properties to save the hassle of obtaining a loan? or should I open an LLC from the get go? I look forward to hearing from you all.