Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Anthony Jentsch
  • Investor
  • New Jersey
2
Votes |
12
Posts

First Investment Loan Under LLC?

Anthony Jentsch
  • Investor
  • New Jersey
Posted

HI BP. I'm in the process of talking to lenders for a loan for a MF investment property. I'm targeting 3-6 unit properties. I have a few that I will be looking deeper into as soon as I square away what I can get approved for. So my question is, will it be difficult to get a loan through a newly formed LLC? I formed the LLC a few months ago just for the purpose of purchasing and owning RE. I was just told by one lender they'll need 2 years tax returns, balance sheet, Inventory, etc. All items I would think an established business would need for a business loan not a loan for an investment property to be purchased. Ive owned sfh as investments over the years and always just purchased them under my name. No LLC. Would it be easier to get the loan under my name and once owned move it to the LLC or does it depend on the lender? I'm curious how others have handled this.

Loading replies...