spdrun, just out of curiosity, do you structure each of your purchases under a separate LLC, or all under one master LLC, or do you just own all of them under your name?
Well, I only have two and both are under my name, but that’s what several mortgage brokers told me when I put an offer on the resdential+commercial short sale property, so I’m passing the info along 🙂
I would definitely like to hold future properties under an LLC if possible.[/quote]
Ohhh. I thought you had many more than that from all the posts about property offers. It does sound like LLC is the way to go on rental properties but I guess it’s a catch 22 when you’re trying to start out and build up a property portfolio because it doesn’t seem easy to start out from the beginning to put them all under separate LLC’s without having a lot of cash and assets.
Maybe in the future it will get easier…. Thanks for sharing spdrun.
