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Updated about 6 years ago on . Most recent reply

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Simon Ruiz
  • Glendora, CA
21
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Using a DBA to get a property

Simon Ruiz
  • Glendora, CA
Posted

Hello I'm in California and I have a question I'm looking into getting a property via auction and using a private money lender I eventually want to transition it into an owner occupied loan in the future... Can I get the property using a DBA or would need to pay the 800 dollar fee and get an LLC??

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
4,410
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

It depends on your plan for the property. If you’re going to use it as a primary residence you can just put it in your name.

If it's a rental or house hack or flip put it in an LLC for liability protection.

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