Getting rentals on an LLC

[Nathan Frost]

How do you purchase rental properties and get them put under your LLC? Are you buying them with your name and then transferring the deed? What is the best route to get homes purchased and under my LLC?

[Natalie Kolodij]

There are two options ultimately 

You buy in your name then QC it to the LLC. You're basically hoping the bank doesn't notice and call your loan (Which is totally in their rights to do).

The other option is purchase under the LLC, which will require commercial loan, and often a slightly higher rate.

Talk to your attorney- depending on circumstance an LLC may not necessarily be the best option for protection without the headache dependent upon what your goal is, your net worth is, property value ect.