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Updated over 7 years ago,

Jotham Busfield's profile image
Jotham Busfield's profile image
Jotham Busfield
  • from Framingham, Massachusetts
  • Member since Apr 25, 2017
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15
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10
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Jotham Busfield's profile image
Jotham Busfield's profile image
Jotham Busfield
  • from Framingham, Massachusetts
  • Member since Apr 25, 2017
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Jotham Busfield
  • Framingham, MA
10
Votes |
15
Posts
Goals, Business Plans & Entities

Buying first property within an LLC

Jotham Busfield
  • Framingham, MA
Posted

I have heard from a few lenders and other sources that banks won't lend residential financing to an LLC trying to purchase a small multi-family home (2-4 units)...that you have to buy it personally, then possibly switch the title into the LLC...

Is this accurate?  Most of the podcasts/books I have come across have never mentioned this as an issue, can anyone shed some light on this topic?

Thanks!!

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