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Updated almost 6 years ago on . Most recent reply

User Stats

28
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24
Votes
Luke Sanderson
24
Votes |
28
Posts

I set up my LLC, found a deal. How do I proceed?

Luke Sanderson
Posted

So, as the title says, I have set up my LLC, I've built my team like David Green suggests, and I've found a market and have analyzed 30-40 properties. I've found one or two I want to buy. As a sole proprietor LLC, how do I go about getting a mortgage? I got a pre-approval quote as an individual (no issues, 2nd mortgage and its a traditional 20% down). From what I have read here and elsewhere online, I am the financial backer and my credit profile is the one backing the business and purchase. How do I complete a deal in the business' name? Any advice or suggestions on this would be much appreciated.

Luke

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