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Updated over 12 years ago,

David Kimball's profile image
David Kimball's profile image
David Kimball
  • from Jersey City, NJ
  • Member since Jun 24, 2012
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David Kimball's profile image
David Kimball's profile image
David Kimball
  • from Jersey City, NJ
  • Member since Jun 24, 2012
Connect
David Kimball
  • Jersey City, NJ
0
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17
Posts
Buying & Selling Real Estate

Credit/income partner on LLC

David Kimball
  • Jersey City, NJ
Posted

If I get a conventional or portfolio loan as an LLC with a credit/income partner, will my credit/income definitely have an affect on the eligibility? I'm guessing yes unfortunately.

Is there a way to NOT be on the LLC that takes the loan yet still have an agreement with my finance partner to equally share ownership as I am the deal finder/manager?

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