Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Daniel O'Donnell
  • New to Real Estate
  • Ohio
1
Votes |
2
Posts

Buying First Rental as LLC or personally?

Daniel O'Donnell
  • New to Real Estate
  • Ohio
Posted

So my main question, is it better to buy a rental personally or start an LLC and purchase it through the LLC? I have a business partner and we are trying to see what is the best way to make sure were approved by lenders. Also, if anyone is from Ohio, is Ohio friendly to LLCs? (in terms of taxes and other categories)

Most Popular Reply

User Stats

291
Posts
592
Votes
Joseph Schweizer
  • Investor
592
Votes |
291
Posts
Joseph Schweizer
  • Investor
Replied

HI @Brandon Sturgill!

Could you explain why not to use a quitclaim deed? I am looking at setting an LLC up in the future and trying to learn best practices before I get to that point.

Loading replies...