0052 Audience Question: Do I Create An LLC Before Or After I Purchase My Property
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This audience question is submitted by Joan P. Thank you, Joan!
Her question was do you create your LLC before or after you purchase your rental property. If you are going to go the LLC route (and I discuss reasons why some people have rightly chosen not to), then you need to create the LLC beforehand. This makes sure there are no problems with the banks calling a mortgage due, also to ensure your sales contract is not invalidated. Enjoy, and let’s spread the word about affordable rental properties are in every neighborhood.
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