Residential development in LLC or individual's name?
Hi All,
I have two adjacent lots in Baltimore City on which I plan to build two two-unit dwellings i.e. four units in total. For financing purposes - mind you I am looking 18 - 24 months out to start construction, so I am planning ahead - can you offer the pros and cons of putting the title in my name vs in an LLC for the immediate term? Are the chances of me obtaining construction finance options better if the properties are in my name or in an LLC? Thanks for any thoughts and guidance. Cynthia