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Updated almost 9 years ago,

User Stats

7
Posts
2
Votes
Linda Brent
  • Tomball, TX
2
Votes |
7
Posts

Purchasing rentals without impacting personal borrowing power

Linda Brent
  • Tomball, TX
Posted

I am a new investor interested in financing a few rental houses over the next couple of years. My husband and I have an LLC for this. My problem is that we have complicated personal real estate maneuvers to make over the next 2 years that will max out our personal borrowing power. Ultimately, our plans will result in a massive reduction in our monthly expenses and much greater borrowing power. So the long term impact is great and can help us invest in real estate easier in the future. But I am keen to get started in real estate and wanted to know if there are options to buy rentals that won't mess up our credit or borrowing power. I have been reading the forum and it seems to me that most funding mechanisms either show up on your personal credit or must be disclosed on a mortgage application. What about asset-based loans in your LLC's name? Private loans? Any ideas would be very helpful. We have some options to obtain downpayment funds- but need advice on long-term loans.

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