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
Buying & Selling Real Estate
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 about 7 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Nicholas Newbould
  • Bowling Green, KY
2
Votes |
16
Posts

Using Conventional Loans While Still Protecting Yourself

Nicholas Newbould
  • Bowling Green, KY
Posted

Good afternoon BP Family. Huge question for your all. My wife and I are looking at buying our first property this year. I have a question about using conventional loans. My wife and I both hold full time jobs and have quite a bit of income every month left over. Based on research, you cannot use a conventional loan with an LLC. Does that require you to own the home as yourself? What risks does that open you up too? Thanks for the insight.

Most Popular Reply

User Stats

17,522
Posts
30,288
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,288
Votes |
17,522
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

You basically have 2 choices. Own the home in your own name but have much much better lending terms but with more risk. Or own it in an entity like an LLC and use commercial financing and have worse lending terms and higher inusrance costs but more asset protection.

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...