How do you buy RE through LLC?
Hello BiggerPockets,
i recently bought a property in FL and it was all done in my name (i.e. mortgage, deed etc). I rented it out and have positive Cash flow. Im looking at another property, but the question now is how do i protect myself and my property from legal perspective if its not part of LLC?
How do I finance newly opened LLC in a smart way? From legal and tax perspective. Not just dump cash into it i assume.
How do I purchase my next property via LLC?
What do banks need to see and are comfortable with as far as financial history of newly formed LLC?
If its a newly formed LLC, can it be backed by my personal finances/guarantor?
Basically how do you start RE investing using your LLC and not personal credit and name?
thanks much in advance.
Daniel