LLC Loan on my first house
Dear group,
I am a newbie in this group but I have read some of your posts and I found them very helpful.
I found a great family house and I would like to start my Investments in real state with it. I was wondering if I need to create an LLC before buying the house, or after it?… the question is basically because I talked to my bank and they told that since the LLC will be new and doesn't have any financial history they can't lend my any money on it. But if I get the loan under my name and then transfer it to an LLC, I'm afraid the bank can ask for the full amount of money on the loan. Does anyone have an advice on this? I really appreciate it.
Ps: if you have suggestions on what could be the best banks to work with or lawyers in this area I would appreciate it as well!!
thank you again :)