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Updated over 7 years ago,

User Stats

30
Posts
18
Votes
Nicholas Preston
  • Rental Property Investor
  • Danville, VA
18
Votes |
30
Posts

From Personal loans to LLC financing

Nicholas Preston
  • Rental Property Investor
  • Danville, VA
Posted

I am about to finance my fourth rental property using the BRRR strategy and then my bank will not lend to me anymore, hitting the magical fourth loan. My loan officer suggested creating an LLC and buying houses under the company name and using me as the personal guarantor, thus allowing me to own/control four more. Does this sound legit, is this a real possibility? Haven't heard of this potential strategy before. Can anyone explain whether this is viable or not? Thanks!

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