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Updated about 12 years ago,

User Stats

19
Posts
2
Votes
Robert Pangborn
  • Real Estate Investor
  • Maybrook, NY
2
Votes |
19
Posts

Buying process questions

Robert Pangborn
  • Real Estate Investor
  • Maybrook, NY
Posted

Hello everyone.
Let us assume we have found a SFH or even a Multi-Family. Ran our numbers, did our due diligence, and made an offer that has been accepted;

1) I have an LLC, but when researching banks, they will not lend to my LLC because it has no credit established. I am being told I must apply for the loan myself. Is this correct or am I going to the wrong places?

2) If I purchase the property in my own name, how do I transfer it into my LLC?

3) Can anyone explain the process of purchasing the property using my Self directed IRA?

I will stop here. I find if I ask too many questions at once, I am unable to retain the copious amount of information that is supplied from the knowledgeable people here on BP. :)

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