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Updated about 8 years ago,
"we dont lend to LLC"
hello BP
I have saved those hard earned dollars and my wife and i are ready to get our first rental property. In performing my research and attempting to get my team lined up i have started calling banks to inquire about financing. I am going to form an LLC for protection and was seeking traditional financing 20-30% down. Unfortunately i seem to keep getting the same answer ( we don't lend to LLC). I hear about people buying then moving the asset into the LLC but i am concerned about the "due on sale"..... Any in sight would be a great help!