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Starting Out
HomeForumsStarting OutLLC Question
David Johansen's profile image
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David Johansen
  • Investor
  • from Kernersville, North Carolina
  • Member since Sep 2, 2014
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David Johansen's profile image
David Johansen's profile image
David Johansen
  • Investor
  • from Kernersville, North Carolina
  • Member since Sep 2, 2014
Connect
David Johansen
  • Investor
  • Kernersville, NC
14
Votes |
27
Posts
Starting Out

LLC Question

David Johansen
  • Investor
  • Kernersville, NC
Posted Nov 29 2014, 08:31

I have been reading through the forum posts on LLCs and I am still unclear on a few points.

1- Should I use an LLC for my first property or wait untill I have a few and enough equity/cash flo to worry about? (That said I would start off with a landlord insurance policy and a PM will be doing the day to day management)

2- I have read several posts stating that banks will not lend to an LLC that is just starting out anyway which leads me to think waiting may be my best option...?

Thank you in advance for any clarity you can provide!

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