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Real Estate Investing
How do you put a new rental in an LLC
L
LeTesha S
started a topic
over 5 years ago
Help!! I’m in the process of buying a new rental and was advised to create an llc and put the property under it. But the loan company is telling me they do not offer any Mortgage loans to a business. They only can put The loan in a persons name. Help me to Understand!!!!
3 Comments
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M
Matthew M
said
over 5 years ago
Get the loan, then LLC.
S
Scott H
said
over 5 years ago
Look at putting it into a real estate trust. The loan will be in your name the house will still be the collateral but the it still protects your assets.
F
Fortune &
said
over 5 years ago
you can have personal guarantee on your mortgage
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