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Updated almost 4 years ago,

User Stats

41
Posts
12
Votes
Sumit Sehgal
  • Rental Property Investor
12
Votes |
41
Posts

Loan/title in own name vs LLC

Sumit Sehgal
  • Rental Property Investor
Posted

I feel like Bigger pockets would be an ideal place to get some answers to this question:

I want to use leverage to buy my first investment property (single family home).

How do you guys go about the initial setup:

Take mortgage in your own name? And title in your own name? Then create an LLC? Then quit claim deed property to LLC? Hope that due on sale clause is not activated? What about title insurance transfer?

I just realized that i asked like a million questions in one question but your thoughts on initial setup from the time you see the property to when you are renting it out will be highly appreciated.

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