LLC vs Insurance

[Kevin Finken]

So, I'm having a hard time trying to decide if going the LLC route is right for me. The benefits of an LLC are pretty obvious but the dangers of not finding friendly lenders or having a loan called by the lender for transferring to the LLC are pretty scary. Does anyone have any experience in the Omaha area with LLC-friendly lenders?

Thanks!

Kevin

[Ethan Hamilton]

@Kevin Finken, I would suggest purchasing in your own name, maintaining an umbrella insurance policy as Kyle mentioned which extends to your LLC(s) (1MM would be a good start) and then quit claim the deed after you make your first few payments or when the loan gets sold. This would be one of the only ways around Commercial financing while at the same time getting the legal protection of an entity. If you haven't set up the LLC yet I'd suggest Shawn Ilg who is on BP. Very affordable and he could also do the quit claim inexpensively. Hope this helps! I've had success in personally going this route on a few occasions.