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Updated over 3 years ago,

User Stats

17
Posts
7
Votes
Daniel Rozen
  • Investor
  • New York
7
Votes |
17
Posts

How do you buy RE through LLC?

Daniel Rozen
  • Investor
  • New York
Posted

Hello BiggerPockets,

i recently bought a property in FL and it was all done in my name (i.e. mortgage, deed etc). I rented it out and have positive Cash flow. Im looking at another property, but the question now is how do i protect myself and my property from legal perspective if its not part of LLC?

How do I finance newly opened LLC in a smart way? From legal and tax perspective. Not just dump cash into it i assume.

How do I purchase my next property via LLC?

What do banks need to see and are comfortable with as far as financial history of newly formed LLC?

If its a newly formed LLC, can it be backed by my personal finances/guarantor?

Basically how do you start RE investing using your LLC and not personal credit and name?

thanks much in advance.

Daniel

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