All Forum Posts by: Tushar Shah

Hello BP!!

I am planning to buy three investment properties over next 2 to 3 weeks in Indiana (My first investment properties - Hurray!!). I will financing these properties by putting 20.0% down the borrowing the remaining. Speaking with few lenders I understanding that the properties needs to be under my name and not a LLC. Reading few forums here on BP always recommends to buy the property under a LLC to protect your personal assets and shield from liability arising from the properties.

I wanted to check how does every one else structure their deals and what the pros and cons are of having properties under personal name or an LLC.

Other option i have been told is to first get the property under my name and then transfer to LLC or series of LLC. However, i am not sure if doing this would trigger any sort of "due on sale" clause. Or will no problems arise assuming that all mortgage payments are made on time, despite title now being vested in an LLC rather than in the mortgagor's name? Also, will this transfer jeopardize my title insurance?

Any advice on this will be very helpful. I am sure this has been discussed in lengh on BP and if anyone can point me to the right direction or link - that would be great to.

Thank you in advance for all your help

Tushar Shah

@Pav Bay Hey Pav, how has your experience with Property Boss been? Good, bad or ugly?

@Joe Koppel Hello Joe - how has your experience with USREEB has been so far?

@Jennifer Beadles Hey Jennifer - Could you please also PM me with any Indianapolis investor-friendly realtors that you know of?

Hey Steve - I am located at 155 North Wacker Drive. I absolutely agree having lunch alone is waste of time - I do that all the time. I would be open to grab lunch and network.

@Brandon Leong Hey Brandon - thanks for the message. Which turnkey company did you end up going with and what has been your experience so far with them? What are the returns you getting on your investment? 

@Jerod Creese Thanks Jerod. This is good to know. I will for sure take up your offer on connecting with you and discuss your experience in greater detail.

@Hank Keller Thanks Hank. I am visiting Indy this weekend and meeting up with PARC and FS House. I will keep you posted on how my trip goes.

@Kim Tucker Thanks Kim - who specifically are you talking about? Are you talking about McKinnis Real Estate?

@Tom Ott Thanks Tom. Both articles were great. Appreciate your help and guidance.