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Updated over 1 year ago,

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First Property - Partnership Financing

William J Morgan
Posted

Hey all, 

Myself and two partners are looking to acquire our first property (STR). I'm wondering if anyone has any advice on which route to take to obtain a loan, whether it be have one partner take on the loan or create an LLC and go that route? From my understanding, it would be very difficult to obtain a loan through a newly established LLC. Thanks in advance!

Also, if there are any investors living nearby in the Hoboken/Jersey City area, I would love to connect!