All Forum Posts by: Rob Paone

@Andrew Postell Thanks a lot Andrew, that's what I think I'll end up doing. Still going through the process of forming the LLC, but this is great information to make sure we hit the process correctly right off the beat.

I appreciate your advice. 

@Andrew Postell Thanks for that Andrew.. I think I'm still looking to avoid going that route. I definitely understand that you have limited exposure, but considering the overall net-worth and exposure within my personal/family accounts, I don't want to have that exposed whatsoever. 

Even if things are more complex/higher interest rates, I think I'd still prefer to go that route in order to eliminate personal liability. 

Hey everyone, 

A friend and I are looking to begin investing in rental properties, starting with 1-2 properties this year and scaling upwards from there. 

We'd like to start an LLC to shield our personal assets, but I've seen in my research that it's significantly more difficult to receive any type of mortgage/loan through an LLC than it is through a standard mortgage.

We'll have enough for 25% down payment, plus additional reserves in the bank, but I'm curious as to the possibilities of actually getting a mortgage/loan using an LLC rather than purchasing through an individual.

Are there any banks that are more apt to lend to LLC's, or specific commercial programs that would allow for such a practice? Thanks for the help and sorry for the basic question.

-Rob