Operating an LLC - Can I Finance my Deal Personally?
Dear Lenders,
I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the BRRRR strategy), while still being protected under an LLC and umbrella policy.
I will be financing my deals in the Lehigh Valley, PA area, so please let me know if this is a possibility?
Otherwise, what are the best strategies for lowering your rates, increasing your term, etc. under an LLC--coming from someone looking to dive-in without much liquidity.
Also, I have heard that utilizing your first few properties without a legal entity and utilize umbrella insurance, then transfer them to an LLC (but I understand the taxation side isn't pleasant).
Thanks for your time, appreciate it.