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Updated about 8 years ago on . Most recent reply

User Stats

129
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16
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Michael P.
  • Marlton, NJ
16
Votes |
129
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Purchase under my name or Inc?

Michael P.
  • Marlton, NJ
Posted
Question regarding the effects on cash outs and liability in regards to how the purchase in complete in an inc or your own name. To get a cash out, depending on loan amount and having it in an inc or llc is a bad idea, banks don't want to touch it? The llc is to protect yourself from liabilities. If getting the prop in my name would I just get liability insurance maybe umbrella including the rental property?

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