I am a Singaporean looking to buy US property for short term rental in the next 6-18 months.
I intend to move to the US in 5 years and would like to own 2-5 short term rentals by then.
My local bank here is willing to lend me 150K minimum on such a property but it must be in my own name and not under an LLC. <2% interest over 25 years.
Would you do it or would you look for alternate financing and go with an LLC?
Truly appreciate the insight!
Most of my foreign clients purchase US real estate in an LLC. An LLC is best but make sure that you understand the legal issues if you buy personally and ensure that you have adequate insurance.
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