How does my credit/debt look after getting several loans in LLC?

[John West]

I have an LLC that is 1.5 years old. We just purchased our 4th investment property (long term rental - multifamily) and things are going great. However, I was just rejected for a used car loan because of my debt to income ratio.... I have excellent credit - never missed a payment, but it looks like I have a ton of debt. The LLC has two other partners - both of the other two have decent income so together we qualify for mortgages no problem. All of that said, I’m curious if anyone can tell me how my credit reports this debt (I haven’t seen my credit report for a long time). If I have an LLC with 3 partners and we buy a $99,000 house, do we each get 33,000 on our credit? Or does the full 99,000 hit each of our credits? I assume it’s the latter because I could be liable to pay the entire thing if everyone else defects. Can anyone confirm this?

[John West]

Thanks everyone. This all makes me thankful for developing a relationship with a small portfolio lender.

I have several loans with them. There is no way my last income property would have been approved had that relationship not been started almost two years earlier.