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Updated over 3 years ago,
Is using my LLC to purchase my first property a good Idea?
Hello Everyone!
I'm a new investor and planning to purchase my first rental property next year around spring time. I am currently shopping for deals and practicing my math at the same time. I'm looking to fund my investment with a conventional loan or go the route of FHA loan. I'm looking to purchase a multi-family property or a single family home.
My questions is if I wanted to get the property through my LLC, is that a good idea for someone who is just starting out? Could it possibly make it harder for me to get a loan?
I wanted some advice on that and maybe a different approach I could take for my first property without putting much of my own money in.
Thank you in advance for the answers!