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Updated over 1 year ago on . Most recent reply

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Lau Cor
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Putting the investment in an LLC

Lau Cor
Posted

Hi all! New investor here on Bigger Pockets. I just wanted to see if I could be directed as to how I can get an LLC for my first rental. Should I just buy the rental first personally and then transfer it to an LLC later? Or should I create the LLC and purchase the home under that? If so, do I use my personal bank account to apply for a loan or do I need to put money in the business bank account? Is there a video that teaches how to do that somewhere? Thanks everyone.

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