LLC or Personal Loan - Shirt Term Rental

[Ray Martinez]

Hello everyone,

I would to start a short term rental business and I've started to look at properties.

How difficult will it be to fund the loan for the property when buying as a LLC?

As of now, I've put away about a 1/3 of the purchase amount for a down payment. 

Is this the right approach or should I finance under my own name?

Also, what info should I have prepared to fund under LLC?

Thanks everyone!

[John Underwood]

Don't buy in an LLC unless you are paying all cash.

Buy in you name with a mortgage, maybe a 10% down second home loan if you will use the property some.

The mortgage and insurance are your first 2 lines of defense. If you need more get an umbrella policy.