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Updated almost 2 years ago on . Most recent reply
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Leveraging personal real estate experience for LLC purchases
Hello! Looking for thoughts here.
I've bought a few rental properties over the past 7 years but have put them all in my own name. As I'm continuing to scale, I want to build up my newly formed LLC to acquire and hold properties that way. I'm under the impression (but still researching) that I won't be able to access substantial lines of credit for my newly formed real estate LLC to buy properties because the business is brand new, even though I've got 7+ years experience.
Anyone have any thoughts on how I can leverage my 7 years rehabbing and renting single family houses to access funds for my LLC without having to "build up a profitable business with a history of rentals held by the company"?
Thanks!