Anyone buy commercial deals under personal names , not LLC

8 Replies

@David Smith

Lenders are not the reason I always use an LLC, they'll lend to me with the same terms as my LLC. Protection of my other personal assets from a legal liability at commercial property is why I always use an LLC.
Check with to your tax and legal advisors for your specific situation  

NEVER!!! You are missing out on valuable Asset Protection if you use your name as opposed to buying your properties directly into an LLC. BTW, you need to have at least one more member in your LLC to give you full asset protection. I can't explain the legal ramifications as I'm not an attorney. I just know what my attorney has told me and that is, if you are the only person in your LLC, you really have no asset protection at all. Talk to a good Asset Protection Attorney and get educated on the issue.

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