I am very confused of what i am suppose to do. I have saved for down payment for properties below 250K.
But, i am not sure should i form LLC for asset protection and liability before i get a property or after?
Second question is, i want to take mortgage as well, so if i get mortgage will be under my personal name, how this will work if i setup a LLC? I understand that banks for LLC mortgage wants 25% down payment.
What you need to form really depends on what you are trying to buy and where? You might want to look at particpating in a real estate fund or something else you can start with reasonably, use a credit card for security and still get 10% returns.