Transferring titles to company

4 Replies

I know it’s hard to get financing for re for a new business but could you buy the investment personally and then transfer it over to your business if the bank allows that? It would help with personal protection. Would you recommend putting all re into a company and keep it separate from personal assists?

If you want to purchase via a business/LLC, I recommend that you talk to various local banks. Talk to them in person and go over your plan. You could find a bank that'll work with a new LLC. You'll likely have to put down 25% on a property. And the bank likely will also want you to sign a personal guarantee, so that if your LLC defaults on the loan, they can still come after you for that missing money.

Start by talking to all your local small banks in person and see where that gets you.