Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Multi member LLC credit check
I have great credit although my business partner does not. We want to invest in a few properties together using both of our money down but he does not have good credit. I'm using LegalZoom to form a Multi Member LLC for the purchase of the properties. Will his credit affect the process of getting a commercial loan for a property or can they solely use my credit? He's working on taking care of his but it's not going to happen overnight.
Will this negatively affect business credit card applications? We probably will need to apply for credit as well for remodels.