Should I get an LLC for my first investment property?

[Miles Robinson]

Hello all,

I am currently in the search for a multi family investment property in Atlanta, GA and have just gotten pre-approved by my own bank (Bank of America) and a few other big lenders. However, I have been considering obtaining an LLC for my protection, but I do realize that big banks will not loan out to me if I have an LLC.

I was wondering what your thoughts were on whether I should get an LLC and find a new lender or hold off on the LLC? What lenders are best for people with an LLC?

I also was wondering if anyone has any experience or knows the process of contractually agreeing with the bank to switch the ownership of the house from ones name to ones LLC?

Thanks!

Miles