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Updated about 3 years ago, 11/09/2021

User Stats

6
Posts
0
Votes
Ryan R.
  • Rental Property Investor
  • New York, NY
0
Votes |
6
Posts

Setting up an LLC before or after buying a property

Ryan R.
  • Rental Property Investor
  • New York, NY
Posted

I was thinking of setting up an LLC to hold the property I'm trying to buy. Is it generally better to set up the LLC before and use it to buy the property or buy on my name and transfer to LLC after? Would it affect my ability to get conventional residential loans if I buy the property using an LLC? Would love to hear the implications for transfer to LLC after the acquisition as well

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