1st property - LLC

[William Wilson]

Sorry if this is already a topic somewhere but I want to purchase my first rental property but do it under an LLC. I currently have an LLC in Oregon but its unrelated to real estate. My question is can I obtain my first rental property inside an LLC and keep my personal life/finances out of it or at least to a minimum. I am in the process of absorbing all this information but there is a lot. Thanks and sorry for the newbie question. Bill.

[Blake Jarrett]

I have all of my properties in an LLC and have never had an issue getting a loan. Yes, they are going to look at your personal finances to help qualify you. Listen to podcast 109, there is a lot of great information about asset protection in there.