Real Estate Business Financing

[tribefan9]

Putting more money down will reduce your return (assuming it is a profitable endeavor) since the return is measured off of your original investment. Putting more down will obviously reduce the monthly payments and make it easier to obtain financing at decent rates.

I have closed properties straight to the LLC as well as closed them in my name then executed a quit claim deed to place the property in an LLC. They both end up with the same result, but there is a bit less paperwork and hassle if you close it in your name then place it in the LLC. This may not be the case with a partnership, my properties are only in my name. You will be paying a premium to the lender either way since the property will be classified as investment rather than your personal residence.

The best advice would be to open discussions with a lawyer and lender that you trust to help make the best decision.