Updated almost 3 years ago on . Most recent reply
Can a bank see properties bought under an entity?
Hey everyone I have a newbie question,
Lender 1: bank, buy under personal name, max 3 properties but better rates
Lender 2: HML, buy under a corporation, more scalable, worse terms
Id like to start with the bank. But they are really slowing me down. Had me open 2 more credit lines as I only had 2. Now those will take a few weeks to be in effect. Or will require a coborrower.
Question:
If I used the HML which requires me to incorporate, would I still be able to use the bank for 3 properties later on as the properties wouldn't be under my personal name?