All Forum Posts by: David Humphries
David Humphries has started 1 posts and replied 2 times.
Post: Loan for individual vs LLC

David HumphriesPosted
- Chapin, SC
- Posts 2
- Votes 0
Very helpful- Thanks Curt!
Post: Loan for individual vs LLC

David HumphriesPosted
- Chapin, SC
- Posts 2
- Votes 0
What's up BP community!
Recently purchased a home in SC with the intention of using the brrrr strategy. I was going to purchase under an LLC but was told by a lender that I could only get 30 yr financing if it's in my name.
Someone suggested I rehab then rent the home and finance on a fixed 30 yr loan then form the LLC and get a quit-claim deed on the property under the LLC name but keep the insurance in my own name.
Any feedback would be much appreciated.