Posted on: 07th Oct, 2008 02:32 pm
Does anyone lend on investment properties purchased in the name of an LLC? I would like to invest in rentals and flips under my LLC for liability protection, but some lenders have told me that they will not lend on a property that is not in a real persons name. I do have some experience in flipping, but am running into issues with financing because I am trying to do this as a full time job. Would also like to begin acquiring rentals at todays forclosure prices. Any help would be appreciated.
Hi sakspring!
Generally lenders do not provide loans under LLC. However, our forum has a number of lenders and you can consult them. You can also get a no obligation free loan consultation from them and will also come to know about the lenders who are ready to give such loans.
Thanks,
Jerry
Generally lenders do not provide loans under LLC. However, our forum has a number of lenders and you can consult them. You can also get a no obligation free loan consultation from them and will also come to know about the lenders who are ready to give such loans.
Thanks,
Jerry
Lenders do not like giving loans for property which is not in a real persons name. It will be better if you could look for a loan in your name.