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Updated almost 3 years ago,
new LLC rental property investments
Hi all,
My brother and I are looking to vest in our second real estate property. For the first we used my name because of my credit score, but split the activity on the house, a multi family home where I live in one of the units, expenses and profits etc 50/50. Moving forward we think it may be best to form an LLC, so that its clear that we both own the property. However, I've read it can be very difficult to get financing for LLC's just starting out. What is the best way to secure financing for an LLC, or is there a better option?
Thanks in advance!