Loans and

[Alex SImon]

I'm looking at forming an LLC to protect my assets. However, Fannie Mae prohibits an LLC from closing on a property with a conventional loan. What is the method that I should use to get around this? Obviously I'm not trying to break the law here. What I want to know is how everyone else is setting these things up.

Do you purchase as an individual, then put the property in a land trust and list the LLC as the beneficiary? Is that the right way to do this?