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Updated about 6 years ago,
Buying Properties w/ LLC
I have a newly established LLC that I would like to use to begin building a rental portfolio. My question regards a purchasing strategy... Considering my LLC is new with no income, I am assuming it would be rather impossible to obtain a ”normal” mortgage out the gate. The property, a 2/bd 2/ba townhouse, is turnkey. Is it best that I seek a hard money lender to secure the deal, and then refinance into a conventional mortgage? What potential roadblocks should I expect in trying to refinance having no income for the company?