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Updated almost 4 years ago on . Most recent reply

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6
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0
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Alberto Sangiorgio
  • New to Real Estate
  • Hazleton, PA
0
Votes |
6
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Can you buy a house in another state using business credit ?

Alberto Sangiorgio
  • New to Real Estate
  • Hazleton, PA
Posted

Finally getting my things together and getting my ssn but since it’s too soon for personal credit history to buy a house in PA, I’m looking to make an s-Corp for what I do and use the business history to get a house in PA since it’s way cheaper than NY

I live in NY ,

Is it possible to do this or no ?

Looking for a duplex so I can rent one side .

Most Popular Reply

User Stats

462
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365
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Jon Reed
  • Rental Property Investor
  • Springfield, MO
365
Votes |
462
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Jon Reed
  • Rental Property Investor
  • Springfield, MO
Replied

You should go talk to a few banks.... even with an S-Corp you will most likely be held personally responsible for all the debt incurred by the company. Which means your own credit history is just as important as your company's history.

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