LLC Conundrum - How can we structure it to work?

[Jack Lee]

Hey guys,

I recently talked to some mortgage brokers and they mentioned that they refuse to give non-commercial loans to a new LLC. So far so good. No news here. Someone has to be personally liable.

My questions are the following:
1. How can investors put the property into the LLC? If this is not possible, what is the purpose to opening LLCs?

2. Is there a financial/corporate innovation that allows the lender to recourse on loans but offer limited liability ONLY against tenant lawsuits?

Thanks