Updated almost 6 years ago on . Most recent reply
LLC or Individual Proprietorship
What is the best way to take title for a new Triplex in Phila, Pa. I was approved as an individual and received a favorable rate , 4.85 on
a 30% down payment and 30 year term. Insurance agent, said I can carry more than enough liability coverage to cover contingent liabilities.
In addition, my bank does not do commercial loans for real estate.
In regards to the LLC , I can secure a loan, but will be paying a higher rate and have a 25 year term. And have the protection of
limited liability.
Be interested in hearing comments.