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Updated 11 months ago,

Jacqueline Bruen's profile image
Jacqueline Bruen's profile image
Jacqueline Bruen
  • Member since Dec 14, 2023
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Jacqueline Bruen's profile image
Jacqueline Bruen's profile image
Jacqueline Bruen
  • Member since Dec 14, 2023
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Jacqueline Bruen
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Private Lending & Conventional Mortgage Advice

Mortgage for an LLC?

Jacqueline Bruen
Posted

Hi there!

I've started an LLC to buy my first residential investment property. I will be able to provide a 20% down payment through the LLC, but the question I have is: don't I need to personally guarantee the loan because the LLC does not have credit history? I've heard it is bad practice to personally guarantee a business loan.

What do you pros recommend? How can my LLC get a loan?

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