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Updated over 4 years ago,

Cristiana Mack's profile image
Cristiana Mack's profile image
Cristiana Mack
  • from Philadelphia, Pennsylvania
  • Member since May 12, 2016
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Cristiana Mack's profile image
Cristiana Mack's profile image
Cristiana Mack
  • from Philadelphia, Pennsylvania
  • Member since May 12, 2016
Connect
Cristiana Mack
  • Philadelphia, PA
0
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5
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Goals, Business Plans & Entities

small loan individual and then llc

Cristiana Mack
  • Philadelphia, PA
Posted

hello, I am looking into my first property. It's small, under $100k. I wanted to buy it as the first of my LLC but they told me that the value is too small to qualify for a commercial loan. The mortgage person told me to buy it as an individual and then transfer it under the LLC after two months. I have doubts about this. Has anyone done it successfully?

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