Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on .

User Stats

52
Posts
32
Votes
Chad Deihl
  • Real Estate Agent
  • Sacramento Region
32
Votes |
52
Posts

I need some help with some questions about a forming a Delaware LLC for property

Chad Deihl
  • Real Estate Agent
  • Sacramento Region
Posted

I understand that forming an LLC can be a great way to build good business credit for purchasing investment properties while protecting yourself personally from any lawsuit that could come up, on top of other tax benefits.

1) Once you form a Delaware LLC, what are some of the fastest and best ways to build business credit with your new tax EIN?

2) Approximately how long does it take to obtain a great credit score for being able to obtain your first LLC business loan to buy properties?

3) When forming a Delaware LLC, is it best to choose taxation as a sole proprietor, S-corp or C-Corp if hte LLCs primary purpose is to purchase investment properties?

4) What does a lender typically require in terms of issuing a mortgage loan to an LLC for its first property purchase?

Thank you in advance for your help with these questions!

- Chad