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Updated almost 7 years ago on .

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Rafael Quinones
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My partner wants an LLC for our first property.

Rafael Quinones
Posted
Good afternoon I am a new investor looking into purchasing my first deal in south Texas. My partner and I just made an offer on a 4-plex. My partner wants to do the deal under an LLC and seems a bit worried about getting sued and the tenant going after our personal assets. I do understand where he is coming from but I am finding out pretty quick that no bank will finance what is considered a residential home under an LLC. Is there a way to protect our personal assets without having to invest through an LLC. Is there an insurance that we can purchase that will protect our assets. Thanks for the help