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Updated over 2 years ago,

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22
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3
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What loan can I get with an LLC

Nicoló Tossici
Posted

Hi, I bought my first rental property with an LLC. We are three partners. What should I do to finance my second property? I tried to speak with some small banks about a cash-out refinance on the first property (we own 100% equity). They told me that we are not approved because we do not have enough personal income.

Moreover, I tried to speak with two private lenders for a loan (not a cash-out this time) and they told me they do not give loans to LLCs. What should I do? Do you guys have advice?

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