Updated over 6 years ago on . Most recent reply
Looking to buy my first rental investment property.
I own my primary residence. I am now looking to buy my first buy and hold rental property. I am wondering if I should start and LLC or just my it in my name. Does getting financing change if you buy it in an LLC? Or does it work the same way? What are the advantages and disadvantages of using an LLC? Thanks for the help!
Most Popular Reply
@David McCauley hi David, welcome to BP.
Most people start without LLCs and then transfer them to the LLC after they ‘have something worth protecting'- per se. Try the search feature for tons of detailed posts on this already on the forum!
Good luck!