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Updated over 4 years ago,

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7
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0
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Julian Riezgo
0
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7
Posts

Llc and portfolio loan

Julian Riezgo
Posted

I want to get a investment property using a credit union but I also want to have my New york LLC buy the property. I have the downpayment saved up, but I just graduated college and lost my job because of caronavirus.

If I just move the investable cash into the LLC over time and let it sit there for about 2 months or more, would I be able to get the mortgage from the credit union? I would also be using a Wyoming llc to own the NY llc, and the NY llc would own the property.

Any advice?

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