Financing/closing in an LLC

[Erick Caffarello]

Good Morning everyone,

I'm looking for financing opportunities which will allow me to close the property in an LLC. Any options?

Erick

[Scott England]

Erick Caffarello
There are many options as that is a commercial loan. Banks and commercial brokers are what you are looking for. Be prepared to have at least 20% cash, for a purchase, or equity for a refinance.

[Jeremiah Grant]

@Erick Caffarello

Good Morning Eric,

If you don't mind me asking, about how in financing would you need to complete this close ? 

[Erick Caffarello]

Jeremiah, thanks for your reply. I will call you later today. Will you be available?

My ultimate goal is acquiring multi family properties, to build long term financial security.

Currently, I'm working on my 2nd SFH, but don't want it titled in my name.

Erick 

[Stephanie P.]

@Erick Caffarello

Everything we do is done in an LLC.

So many questions.  What type of property is it etc...

Stephanie

Please accept my colleague request

[Erick Caffarello]

Stephanie,

As of right now, single family. Price is right at under $40k. Everything has been updated, and it appears to be a good buy. Will need to finance the deal, and most banks don't allow closings in an LLC from my experience...

I'd much rather prefer multifamily...but for the price...I can't go wrong.

Erick 

[GR Blanke]

I no problem on the LLC; however 40k is too small.