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Updated almost 6 years ago on . Most recent reply

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Michael Stat
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Getting Funded as an LLC

Michael Stat
Posted

So I am new to the real estate investing game. After doing some research I felt it was best to set up and LLC because I will be investing out of state. I would like the title and the mortgage to be under the LLC, but after talking with my accountant he advised that Banks may have issue loaning to the LLC. Has anyone run into this issue in the past? And if i set up a business account for my LLC and transfer money from my personal account. Would that forfeit any protections that an LLC affords?

Thanks,

Mike 

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Melvin List
  • Lender
  • Tampa, FL
378
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1,152
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Melvin List
  • Lender
  • Tampa, FL
Replied

@Michael Stat there are plenty of lenders that will loan to an LLC but it will not be a conventional loan.

  • Melvin List
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C2 Financial

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