So the bank won't give a mortgage to an LLC… What now?

Hello,If purchasing in my personal name (since banks don't allow you to get mortgage with LLC) what is the best way to protect my assets and the property while construction is being done?

A lot of what i've read online says the IRS will look at some LLC's as a "disregard entity" if they don't follow certain steps and rules.

If the answer is no, then pass on the house hack.If you want it as an investment, buy it in an LLC, not in your name, should it go sideways you have exit strategy.  

Hi Guys,I'm just about to travel to the US to setup our LLC's bank account.

After the paperwork is filed, changed the beneficiary to you(or your llc)...

In the future, you can buy in an LLC or land trust and then sell the LLC or trust to the end buyer.It's usually not that hard to make the seller okay with the assignment.

If you're planning to build a portfolio, try getting the loans in the name of your entity (LLC, corporation or trust).

Hello @James Wilson, @Greg Harriman.If you haven't already, you should read up on the BRRRR strategy, it's pretty simple but has a lot of potential for your situation, and it nicely sidesteps the DTI ratio issue:Buy: with hard money, advantage here is that the property is paid for with cash, so you can just put in an LLC immediately.Rehab: either with the loan or your capitalRent: get a tenant inRefinance: ideally, start this process as soon as you buy, look to cash-out and essentially have a new property at 25% down, on a nice 30-yr. term.Repeat!

I guess my biggest needs right now are good realtors, good/better management companies in various markets (my management company in Cleveland is lacking) and info on finances with regard to taxes, LLC's etc.My 1st deal went smoothly.