Liability Protection With LLC

I have formed an LLC and am purchasing 2 rental properties. The bank will not borrow money or allow me to title properties in the LLC. Can I still get liability protection by leasing to the llc and operating out of the llc??? Any ideas for my problem. confused

Comments(3)

  • joecrane10th June, 2005

    Find another lender. Although lenders will not allow a new LLC (or any new company) to borrow the funds through an LLC, they should have no problem with the title being in the LLC’s name with your personal backing of the loan.

  • 4KASH10th June, 2005

    One of many ways would be to title the props in a land trust w/ the LLC as the sole beneficiary. Land trusts by themselves offer no asset protection, but when combined w/ a LLC they do. Who would want a beneficial interest in a multi-member LLC?

  • cdkerr110th June, 2005

    After you personally have settled on and own the property change the ownership to the LLC

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