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Updated about 11 years ago on . Most recent reply

Orlando Kell's profile image
Orlando Kell's profile image
Orlando Kell
  • from Cibolo, Texas
  • Member since Feb 3, 2014
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Orlando Kell's profile image
Orlando Kell's profile image
Orlando Kell
  • from Cibolo, Texas
  • Member since Feb 3, 2014
Connect
Orlando Kell
  • Cibolo, TX
3
Votes |
17
Posts
Starting Out

Can first rental purchase be via LLC?

Orlando Kell
  • Cibolo, TX
Posted

I've zeroed in on a 4-plex with an asking price of $145k. All other things checking out and being ok, if I apply for the loan through a new LLC is that even doable? A buddy has partnered up with me in the LLC and we both have $15k each to put in and we each have excellent credit and professional jobs.

Would this be a conventional loan or a commercial loan?

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