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Updated over 4 years ago on . Most recent reply

User Stats

13
Posts
5
Votes
Josh Jackson
  • East Lansing, MI
5
Votes |
13
Posts

Financing Properties in an LLC

Josh Jackson
  • East Lansing, MI
Posted

Hi BP community,

I was hoping for guidance on financing a single-family property through an LLC. I am curious about how this can be accomplished and the terms of the loan (I understand I don't need an LLC but I know many investors do this). I want to know how easy it is to finance through a traditional lender or if finding an alternative financing method is a better way to go.

I appreciate any help!

Most Popular Reply

User Stats

129
Posts
44
Votes
Reggie Rearden
  • Rental Property Investor
  • Aiken, SC
44
Votes |
129
Posts
Reggie Rearden
  • Rental Property Investor
  • Aiken, SC
Replied

I have sfh's with a local credit union under my LLC's. The terms are 15 to 20 yrs and higher interests. That may not be the case for everyone but that's how it is for me. My rate with this credit union is 2.69% for my primary home and 4.97 for my REI's.

  • Reggie Rearden
  • Loading replies...