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re: Changing the name of my LLC (or starting new one) vs. doing a DBA

Posted on 10/18/12 at 10:14 pm to
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71446 posts
Posted on 10/18/12 at 10:14 pm to
Set up a new LLC.

I've seen several real estate investors who have multiple LLCs, each of which owns a different property or set of properties.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73257 posts
Posted on 10/22/12 at 9:41 am to
quote:

I've seen several real estate investors who have multiple LLCs, each of which owns a different property or set of properties.


plenty banks now will not finance to LLC's.

You have to transfer title through a quitclaim deed to your LLC.

problem is some lendors have a DOS clause if you do that and want full payment after transfer.

speaking of which any real estate attorneys post on this board???????
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