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Updated almost 7 years ago on . Most recent reply
Financing via LLC structure
I started off my LLC and currently own 1 apartment. I paid full cash for it. I would like to purchase a second one and would like to use financing instead of cash.
Can I take a home equity loan using the equity in the LLC to finance the new home?
Is it possible to get conventional loan under my name but have the LLC hold it?
What options do you think is best for financing in this case. I don't have any income yet but do anticipate the apartment being rented soon.
Thanks!
Most Popular Reply
Thanks to @Account Closed
It seems financing is indeed tough! I did some research and calling around. I will look further into this. The investing books sure make it easy than it seems :(