All Forum Posts by: Jenny Amado
Jenny Amado has started 1 posts and replied 2 times.
Post: Starting an LLC or own under my own name
- Fontana, CA
- Posts 2
- Votes 0
Thank you guys! I think I'm going to stick with having them under my own name to start with and work my way up to an LLC once I have gained a little more knowledge through the processes and have a few properties under my name.
Thank you for the feed back!!
Post: Starting an LLC or own under my own name
- Fontana, CA
- Posts 2
- Votes 0
I am trying to plan out my start into Real Estate.
My plan is to save some more money over the next 6 months to purchase a cash property while at the same time just register for an LLC and work on building a credit line over the next 6 months just so that my LLC has some sort of credibility out in the credit world. I was thinking of purchasing my first property and having it under my LLC and use the BRRR method.
But I've been reading how difficult it is to find a bank to refinance and cash out with an LLC so I was thinking maybe I should just stick to doing it under my name for the first 3 properties and then just grouping them together under a portfolio at a later time? Any thoughts?