Re: You’re right - Posted by Rob FL
Posted by Rob FL on November 08, 1998 at 19:42:07:
If you are buying with bank financing, more than likely the bank will make you buy it in your name and sign on the mortgage in your name. Banks don’t like corporations unless they are big with good credit ratings.
Otherwise you buy in a trust, preferably, with a corporation or llc as the beneficiary. A corporation is an “artificial person” in the eyes of the law, so its stockholders are not personally liable. You may want to checkout some of Bill Bronchiks articles and courses like “bulletproof corporations”, “get that property out of your name”, and “limiting liability”.