Buying a property under your or a business name
Dear BP family, a true follower from NY, married with three kids needs a bit of advice. We're about to pull the trigger on a property with a DSCR loan in our names, but have a big dilemma. Yes, it's been discussed before, but I believe a pearl of extra wisdom would be very helpful. I'd like to learn more about the most crucial tax/legal differences or challenges we may face if we put the property in our names now and transfer the title to the LLC afterward, or, put it on the LLC right away and before closing, please. All input is truly appreciated. Thank you. Cheers.