Hi,
Just starting out and looking to invest in my first property - looking to keep the first one small 2-4 units, to get some experience in the day to day operations and other nuances of being a property ownership and residential landlording.
My first question ~ I am planning to set up a LLC to, obviously, limit my liability ~ is it more advisable to set up a LLC, put the down payment and other reserves (maint, Fees, etc.) in the LLC bank account or just start off buying the property as an private buyer and then setting up the company and transfer the asset to the company.
The reason I ask, is that I have 25-30% to put down, but what type of set up would make it easiest (for the first property) to get financing for the rest?
Thanks in advance for any replies, sugggestions, or questions
