To LLC or Not to LLC. What Gives?
So, as someone new to REI, the whole LLC vs not LLC debate is a bit confusing. I believe I heard @Brandon Turner say on a podcast that he basically did a different LLC for each group or partnership if you will. So, if he and his dad partnered, that would be an LLC. He and his wife partnered, that would be an LLC, and so on.
LLCs sound great. I've setup a couple of them for other businesses. Then I learn that it can be a challenge or that lenders typically don't loan to an LLC. Ok, purchase it in your name, then transfer to LLC. But, then the lender can call the loan.
Why isn't there a simplified way to get a property under the ownership of an LLC? It seems like buying directly under the LLC doesn't work well and transferring to an LLC has some major risks.
What gives?