Buying Property Under LLC Vs. Under Your Name
I am new to real estate investing and I have decided to commit myself to real estate investing. I am attempting to make my first investment purchase which will be a condo. I was wondering if it is better to purchase the condo under an LLC. or purchase it under my name? I plan to put down 20%.
Also, would it be possible to have property funded through a private lender and do a cash finance, and then refinance the property?
Please advise as I will need all the advice and assistance I could possibly receive. Thanks in advance.
Most Popular Reply
You can finance under commercial loan When you buy property under LLC . When its under personal name you can refinance under conventional loan. 15% down payment is minimum requirement for 1 unit under conventional loan. There are so many HML who can offer you finances. BP has so many good name which you can use for HML.