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Updated 3 months ago,
Are there other ways to purchase Investment Properties?
Hey BP,
I am a landlord looking to expand in rental properties. I've done it the traditional way of using my credentials; credit, job/salary, personal info. to getting a FHA loan. Although, initially the property was for personal use then things happened were I wasn't comfortable with the area and the extra space so I decided to rent it out, now its on section 8. After making that decision I later created a LLC but did not switch the property over to the LLC.
My 2 questions are:
1. Is there a way to purchase a property as a business move with your LLC instead of doing it the conventional way?
2. Would switching the property to my LLC help for looking for future investment properties?
Thanks!