Purchase in my name or my corporations name?

[Randall Greene]

Hi All,

I want to make an offer on an REO. Should I purchase the property in my name or my corporations name?

I'm afraid the bank will want to see financial statements and some tax returns for my company, and since I just started it, I don't have any of that information. I'm thinking if I purchase in my name, I can then quitclaim deed the property to my company. I just want to make as strong an offer to the bank as possible and avoid any obstacles associated with making my first purchase as a corporation.

Also, I'm using a hard money loan to make my purchase. And I have a POF letter from the lender in my corporations name, so I would have to get that changed.

Any advice is greatly appreciated.

RG