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Updated over 1 year ago, 06/08/2023
Financing options through a Trust
Hi everyone! I have a question regarding financing options, my apologies if this has been answered somewhere, but I haven't been able to find an answer for it. On the advice of my attorney, I am considering purchasing my buy-and-hold properties through trusts, rather than through individual LLCs like other investors in this area do. I know that I would need to get a commercial loan to buy through an LLC, but what about a trust? I am located in Massachusetts, as are my target properties, and have not yet figured out exactly what type of trust to use. In an ideal world, I'd like to get conventional mortgages because of the better financing terms. Is this possible with a trust? And if so, does anyone have any lender recommendations that would do this? Thanks!