Obtaining financing as an Corp/LLC

[Michael M.]

Hello All,

I'm interested in creating an LLC to begin purchasing property under this umbrella but my understanding is it may be difficult to obtain financing under the LLC entity because of the lack of credit history. Thoughts on strategies?

[Heather Miner]

We have a single member LLC (just husband and wife are members). We purchase all properties in our name and then file Quitclaim deeds to transfer to the LLC. We own four rentals. I don't know how scalable our model is for you, but we plan to continue this approach.