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Thinking of starting with an LLC before buying your first rental property? Honestly, for your first one, it might not make a big difference. In places like the U.S., an LLC can work great, but in Canada, some lenders prefer lending to individuals rather than corporations. If you're eyeing a property with 9 or 10 units, and planning to bring investors on board, then setting up a corporation might be the way to go.
The key? Focus on securing the investor funds and nailing the right deal first. That’s what really counts!
The key? Focus on securing the investor funds and nailing the right deal first. That’s what really counts!
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