I’m starting to buy rental properties and plan to do it under an LLC. For those of you with multiple properties, what structure do you use? I’ve heard that using an LLC is good for debt-to-income (DTI) ratios, but I’m aware that obtaining loans under an LLC can be tricky. I’m prepared for a 20-33% down payment per property.
To get started with my first 10 properties, I’m thinking about forming one LLC in the state where I purchase the property and consulting later for a better strategy as I scale. Any advice would be greatly appreciated!
If you’re just starting, consider taking advantage of personal loan rates for your first or second investment property, especially if it’s not a multiplex. Always consult your CPA and lender for tailored advice based on your finances.